McCarthy & Stone, long associated with retirement properties only available to buy, has introduced a renting option at a number of its schemes.
The rental option uses Assured Shorthand Tenancies with a two month notice period.
The company would be the landlord however, a statement on its website - aimed at potential renters - says: “Over time McCarthy & Stone plan to sell its portfolio of Rental apartments to trusted property investment companies they partner with. The terms of your Assured Tenancy Agreement will remain unchanged. You will be notified in advance of these planned sales. In these circumstances McCarthy & Stone retain ongoing responsibility for management of the development and a direct relationship with you.”