Kalpana Kalpana (Editor)

Property guardianship

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Property guardianship

Property guardianship is an arrangement by which people are granted accommodation within a property in exchange for keeping the property under observation and in good condition, with their continued occupation providing a disincentive for the property to be occupied by squatters. Commercial properties can be covered by this arrangement as well as residential properties.

The occupier typically pays rent below market rates. Property guardianship contracts typically offer less security than rental properties.

References

Property guardianship Wikipedia