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Chris Jefferson
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This “amazing” offer has been plastered all over LinkedIn for months and the issue is still the same. Excluding the float you are charging 23.7% of the annual rent for this service - assuming one tenancy in the year - I note there are no additional move in fees mentioned (gas/smoke/inventory) etc - are these free? So after my mortgage, tax bill and your fees I would be left with .......nothing. Also your Primary Tenancy is nothing more than Northwood “lite” where you say you’re the tenant but (unlike Northwood) you state you don’t actually have to contractually pay the rent if the sub tenant doesn’t pay you. It’s well known it “primary” point is to keep the VAT on the equivalent fee you traditionally charge. I won’t embarrass the staff member who I grilled on this so I know the above but their answers were so vague on important legal issues it was quite alarming.
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From: Chris Jefferson
16 July 2019 10:06 AM