Landlord insurance if leasing to NGO

Discussion in 'Property Management' started by dhaliwal8, 12th Jan, 2021.

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  1. dhaliwal8

    dhaliwal8 New Member

    Joined:
    23rd Aug, 2020
    Posts:
    4
    Location:
    Sydney
    Hi All,

    I am planning to lease my IP to Anglicare for 3 yrs lease and wondering if regular Landlord insurance will be enough to cover me for any liabilities? Also, any reason I should not do get into such agreements? Positives for me: they are paying $100 extra compare to if I lease it to a family. Cons: they will do minor modification but will fix everything as is when they leave.

    TA...
     
    dhaliwal8, 12th Jan, 2021
    #1
  2. Tom Rivera

    Tom Rivera Property Manager Business Member

    Joined:
    1st Jul, 2015
    Posts:
    2,718
    Location:
    South East Queensland
    Unfortunately most insurance companies wont provide Landlords insurance cover for head leasing agreements. You need to ask your provider about this.
     
    Tom Rivera, 13th Jan, 2021
    #2