Tenancy Agreements

  1. 460 Posts.
    lightbulb Created with Sketch. 16
    Hi ladies and gents,

    Just a curious question regarding tenancy agreements.
    I have rented out properties in the past and utilised the standard tenancy agreements in relevant states.
    Considering the current climate I was interested to gauge if anyone has utilised "non-standard" agreements to their benefit and if they are even possible. My intention specifically is a long term rental agreements (5 years) with a garnishing clause if the tenant fails to meet their contracted obligation - that being 5 years worth of rent.
    Considering several insurance companies have stopped insuring against tenant default, theft etc, I am looking at different aspects of cash flow protection.

    Does anyone have, or has had something similar to this in place, has it been successful in protecting your investment etc?

    Cheers.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.