This has me stumped and I'd appreciate any advice/opinions. I have a two unit home and income property (one title, both in same lease to HNZ). HNZ property manager has told me today that as one unit will be ready for handback much sooner than the other (due to one being empty at present) they will hand back that unit to me as soon as it is made good and I sign it off as acceptable to me), I can then rent it out privately but hnz will also continue to pay me the rent as they are obligated to under the lease until expiry in about 4 months time.
Not sure if I had heard correctly I specifically asked the question: "So are you saying that I can rent out the handed back unit privately whilst you also pay me rent on the same unit" (2x rent amounts for same unit) the answer was "yes" and that "it's what happens with these properties on handback".
Sounds great in theory and the alternative is not good as it would be empty which makes my insurance excess HUGE but seems a bit too good to be true, has anyone come across this before?
Many thanks
Not sure if I had heard correctly I specifically asked the question: "So are you saying that I can rent out the handed back unit privately whilst you also pay me rent on the same unit" (2x rent amounts for same unit) the answer was "yes" and that "it's what happens with these properties on handback".
Sounds great in theory and the alternative is not good as it would be empty which makes my insurance excess HUGE but seems a bit too good to be true, has anyone come across this before?
Many thanks
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