Do rent to rent HMO contracts have to be 5 years?

152 - Understanding your contracts is an extremely important part of the rent to rent process and a question I get asked a lot about is the minimum length of a contract.

I think this question stems from fear that things won't work out and you will be tied into a long contract.

When we take on a R2R property, we prefer to make our contracts 5 years. 

But why do we prefer contracts for a longer period?

This is because onboarding and tenanting a property requires an investment of our team’s time. 

And if we’re paying for a refurb, it’s an investment of our money too. 

Therefore, we prefer contracts for a longer period.

But what would work best for you?

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Stephanie & Nicky
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