Does anyone know if it is possible to get landlord type inheritance on a granny flat? Technically it's not a seperate residence and part of home.
Also how can you make rental lease as well?
Landlord Insurance or Any Other Insurance on Granny Flat
yjun355 on 19/07/2022 - 10:18
Comments
Yeah planning to rent it for like 2-3 months at a time outside Airbnb route.
It is same structure. Basically 1 bedroom independent self contained studio but still connected to main structure.
So don't want to do Airbnb. Just seeing how can I still do a formal lease and more importantly relevant insurance
I would call an insurance broker as it sound like you will need help with it.
THIS. The fact that it's connected but will be occupied by a tenant, complicates things and impacts significantly on your main residence insurance as well…..
Terry Scherer will provide you LL insurance provided you have appointed REA to manage your property.
If you are trying to manage then better give them a call and see what option they have.
remember LL policy is for long-term rental such as 6 months and above and not short-term rental.
Your building policy with covers GF building cover.
"Your building policy with covers GF building cover."
Are you sure?
I don't think Terry Scheer cover this scenario. THis is more like Airbnb or Homestay type situation
Are you legally allowed to rent out a granny flat separately in your state?
Have you asked your insurer or read any PDS?
Are you renting it out?
Is it a separate structure or is it connected to your main residence?