[rɛnt2rɛnt]
Rent2Rent is the act of renting out a property from a landlord and then renting it out to a tenant for a higher rate. It requires approval from the landlord.
Rent2Rent is a popular property business strategy where an individual or company rents a property from a Landlord and then sublets that property to tenants for a profit.
Typically, the individual or company negotiates a fixed term lease with the Landlord. The individual or company then takes on the risk of finding a tenant to occupy the property and the management of the property. The strategy legally requires approval from the Landlord.
The individual or company engaging in this strategy also count as Landlords in the eyes of HMRC, and are required to pay tax on rental income.
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