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.
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Hi ladies and gents, Just a curious question regarding tenancy...
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