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 Speedhome OR normal tenancy agreement?, Which one better and why?

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DragonReine
post Apr 14 2021, 10:40 AM

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QUOTE(AridEyes @ Apr 14 2021, 10:19 AM)
I would really advise against using speedhome as a landlord. No deposit means tenant can simply not pay utility bills and move out once their tenancy ended. Speedhome coverage is just not enough to cover this cost. As a result I lost 3k since speedhome insurance only can cover up to 1k. Tenant left without paying 4k electricity bill.

On the other hand, if you're a tenant looking for rental, I would recommend using speed home. You can rent without paying any utility bills, and simply move out once your tenancy has ended. Speedhome will not take any action on you, and you can just repeat this process as many times as you like.
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4k?? shocking.gif What they do, bitcoin mining operation??

Speedhome got something to blacklist tenants like that hopefully? Otherwise the platform will be too easy to abuse.
DragonReine
post Apr 19 2021, 07:15 PM

just another dog on the Internet
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QUOTE(e-lite @ Apr 19 2021, 07:03 PM)
But then the tenant will raise an issue . The tenant thought is zero deposit but then need to pay electricity deposit?
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Isn't this already in the tenant agreement for Speedhome?

https://speedhome.com/blog/change-of-tenancy-tnb/

 

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