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Sunday, April 04, 2010

Avoiding a cannabis factory

Landlords have been given advice from Aviva a leading landlord insurance provider on how to safeguard their property form becoming a cannabis factory. The number of incidents of cannabis farms appears to be on the rise.

Indicators

One of the tell tale signs of a tenant who may be looking at renting a property with the aim of turning it into a cannabis factory is a tenant looking for a short term let of 3-6 months and who then insists on paying the rent up front in cash.

According to Aviva the tenant may also unwilling to provide any background information about themselves.

Aviva landlord insurance urges landlords to be vigilant. They advise landlords to:

Avoid taking large upfront cash rental payments
Avoid short term lets unless the tenants have been rigorously vetted
Ensure that a landlord carries out regular internal inspections
Look out for tell tale signs of blinds and curtains remaining constantly drawn even during the day.

Specialist landlord insurance

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