Contents tagged with Lease Terms
You are a tenant, or a landlord, and you realise that you can make more money out of subletting or renting out your property on Airbnb than you are paying in rent or receiving from longer term tenancies of 6 or 12 months. What a great idea! Well think again…
The Risks As A Landlord
Most mortgages include a clause preventing any letting without prior consent and lenders would either say no or may consider granting consent subject to the payment of a fee. So, should you proceed anyway?
It is understandably appealing to either not approach your lender for consent or to go ahead anyway, even if they refuse. After all, how can they find out? They can and do.
Lenders monitor such websites and can carry out checks to see if … more