AIr BNB a property you're buying

[matildamiracle]

Just this really, has anyone done it?

Its been suggested by agent we're buying from, as a solution as we need to break the chain to complete on our sale. Our buyer couldn't extend their mortgage when it expired by more than a couple of weeks (my estate agent says, which sounds a bit like bullshit) , and our purchase is behind progress wise, we'll have to Air BNB for 2 weeks in all likelyhood. Subtracting mortgage costs to Air BNB costs, we'll lose out around 600 quid I guess for 2 weeks.

A solution being offered is we Air BNB the property until we exchange and complete.

Has anyone done this?

For context, the place we are buying is vacant, newly converted by a boutique developer, its the last unit so developer, I guess, is not keen in losing us and having to start over with a new buyer.

Honestly that's not how it works in tenancy law. If you have sole use of a property over a certain amount of time (12 weeks maybe?) you legally have a tenancy agreement even if it's not written on paper. Renting a self contained holiday let (which it would be if through Airbnb or some kind of short tenancy agreement) is different to renting a hotel room.

Unless completion is delayed...

Thanks all, for the help and advice.

What’s your concern with this arrangement? I’m not clear why your furniture is an issue.

Really it’s a tenancy purporting to be a holiday home - we all know it’s not. Practically your biggest risk is never being able to complete. Ie the developer delaying the build and thus completion further, not being able to complete because of your own offer expiring. That’s the biggest risk. Your furniture is neither here nor there really.

@SunQueen24

I've just read online that one CAN bring ones own possessions and furniture to an Air BnB let (legally) as long as I remove everything (and myself) once the Air BnB booking has ended.

Its just I didn't think they could use Air BnB platform if the property is empty, (or if I could move my stuff in under a official Air BnB booking.)

If this isn't an issue, I think its a great solution and I have zero concerns. Much rather move in albeit starting as a holiday rent, than paying a fortune to stay in some random place with all my clothes and goods in a warehouse, living out of a suitcase.