Sorry to hear that Jauntie....yes its true it is always a risk one takes when transacting in any way with anyone (even if you think you know the person)...but surely there are methods to redress such issues?
I can honestly say that when I was on the tenant side, I had no complaints....and now that I own property, I am also confident inthe system to protect my interests as it recognizes the responsibility of the tenant to pay for utilities and such and would never reflect badly on MY credit rating if they default....they COULD default on rent, and there are legal proceedings to rectify this, but IF they flee then there is not much you can do in this case....therein lies the risk....but thankfully this is rare first of all (In Canada anyways) and secondly it is the same wether this is the first tenant or a subtenant...so in relation to the original topic, as long as the tenancy laws are clear and fair there shouldn't be a problem imho.
Stay safe.
Stay safe all.
Perfection does not exist. The question therefore, is: what level of imperfection are we willing to settle for?
Sorry to hear that Jauntie....yes its true it is always a risk one takes when transacting in any way with anyone (even if you think you know the person)...but surely there are methods to redress such issues?
I can honestly say that when I was on the tenant side, I had no complaints....and now that I own property, I am also confident inthe system to protect my interests as it recognizes the responsibility of the tenant to pay for utilities and such and would never reflect badly on MY credit rating if they default....they COULD default on rent, and there are legal proceedings to rectify this, but IF they flee then there is not much you can do in this case....therein lies the risk....but thankfully this is rare first of all (In Canada anyways) and secondly it is the same wether this is the first tenant or a subtenant...so in relation to the original topic, as long as the tenancy laws are clear and fair there shouldn't be a problem imho.
Stay safe.
Stay safe all.
Perfection does not exist. The question therefore, is: what level of imperfection are we willing to settle for?