Rental Types

[KARL]

Does anyone have any experience of "Company rental", i.e. where private accommodation (house or flat) is let to a company which then places people in as residents over varying lengths of time. The company pays the rent regularly and in full and cleans the place but the individuals will be varied and there may be periods of no occupants.

I am aware of potential complications regarding multiple unrelated individuals and also regarding insuring the property, but what do others see as the advantages and disadvantages ?

[Islay]

My friend rented her house in London to a company that specialised in renting to business men from overseas, the price they got for 4 years enabled them to pay off their mortgage very early. No issues when it came to the end of the contract and the house was handed back spotless - they offered to paint it too but as my friends were gutting it they didn't take them up on the offer.

[atalanta]

Not exactly a "company rental", but you might be interested. I know of a private boarding school which insists that all its staff live in the same village. The school owns several houses which it rents to new staff for the time it takes them to buy a local house. The leases are normal leases. The head teacher and deputy head have houses provided and owned by the school. Housemasters and housemistresses have houses belonging to the school. Deputy housemasters and housemistresses have flats belonging to the school.