Sell and Rent Back Agreement

There may be a variety of reasons why people look to enter into a sell and rent back agreement. These include; financial difficulties, repossession, release equity, etc. Whatever your situation, you need to ensure that the sell and rent back agreement is the right choice for you.

Here are a few things that you need to consider before entering into a sell and rent back agreement:

The market value of your home is determined by an independent RICS Chartered Surveyor and you will receive a copy of their report.

However, you need to understand from the outset that you will not receive market value for your home. You are going to receive an offer below the market value.

The initial term of the tenancy we provide all new customers is for a set period of 5 years. However, please be aware that we aim to provide as much flexibility as we can and will look at all options should a customer wish to end their tenancy early, or remain in the property beyond the initial term.

The rent for the first year will be set at market value, which again will be determined by the RICS Chartered Surveyor. We will then review your rental payment on an annual basis to ensure that you continue to pay local market rent.

Another thing to consider is, if you are thinking of purchasing the property back at any point, you need to ensure that the company that you are entering into a sell and rent back agreement with offers you the opportunity to do so with a ‘buy-back’ option.

The most important thing is that you enter into the sell and rent back agreement with an FSA Regulated and Authorised firm.

Rent My House Back which is a trading style of Quick Purchase Limited which is Authorised and Regulated by the Finacial Services Authority. Our Firm Reference Number is FRN522468.

Also See:

Sell and rent back
Sell and rent back benefits
Sell and rent back regulation
Sell and rent back process

Contact us or apply online for further information regarding sell and rent back agreement.