Assured Shorthold Tenancy Agreement - service

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    Assured Shorthold Tenancy Agreement - service



    I am moving my BTL propert already with tenant to an agent, they have quoted fee of £300 for a Assured Shorthold Tenancy Agreement . It be £180 after that when renewal time in 1 year.

    Price seems a quite a lot, I was wondering if there are other companies that do this service for cheaper?

    I seen on wed Diy and download AST, are these any good and can someone recommend?

    #2
    If you already have a tenant in place, there should already by a tenancy agreement?
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment


      #3
      I have a agreement but the agent did not accept it as it was a downloaded type which I used and they question it on the legal side of thing?

      Comment


        #4
        The tenant doesn't have to agree a new tenancy agreement, if they're happy with the one they've got.

        They're not charging you for the document, they're charging you for the service of preparing it and getting it signed.

        That will create a new tenancy with a new fixed term, and it looks like they plan to create another one with a new fixed-term next year as well.

        I'd consider a different agent, these guys don't sound to be on your side, really.
        When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
        Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

        Comment


          #5
          One big advantage of letting tenants hold over under an agreement that has contractually expired - so that they become assured periodic tenants is that you don't need to re-register the tenancy deposit; which would be the case if granting a new agreement. We have tenants who hold over for years and years. It saves a lot of paperwork.

          Comment


            #6
            Originally posted by sva14 View Post

            I am moving my BTL propert already with tenant to an agent, they have quoted fee of £300 for a Assured Shorthold Tenancy Agreement . It be £180 after that when renewal time in 1 year.

            Price seems a quite a lot, I was wondering if there are other companies that do this service for cheaper?

            I seen on wed Diy and download AST, are these any good and can someone recommend?

            The agent's imperative is to turn your capital into his income!

            Comment


              #7
              Ok , the agent when I showed them my copy said it was not stand up in the legal court, also it only had 1 tenant on it and there is 2 adults living there mother and daughter

              Not sure if they were just saying that to make them use my service?

              Can I use the ast from the RLA as below if I wish? Rather than paying for their £300 service ? The agent cannot force me to use their service can they?


              https://www.rla.org.uk/landlord/docu.../doc_AST.shtml

              Comment


                #8
                Originally posted by ATC View Post
                One big advantage of letting tenants hold over under an agreement that has contractually expired - so that they become assured periodic tenants is that you don't need to re-register the tenancy deposit; which would be the case if granting a new agreement. We have tenants who hold over for years and years. It saves a lot of paperwork.


                Reading the above , could I say to agent I want the agreement currently in place to June and then once expired have it as assured periodic tenant and keep the agreement going on monthly basis ?

                Comment


                  #9
                  Originally posted by sva14 View Post
                  Ok , the agent when I showed them my copy said it was not stand up in the legal court, also it only had 1 tenant on it and there is 2 adults living there mother and daughter
                  The only issue with there being two adults in the property and only one of them on the tenancy agreement is if it affects your insurance or mortgage terms and conditions.
                  Otherwise the situation is that there are two people living there but only one is your tenant (and liable for rent etc).
                  That's pretty normal.

                  As to an agreement not standing up in court, that's a pretty astonishing statement.
                  It's quite possible for a tenancy to have no written agreement at all, so the idea that your tenancy agreement is worse than nothing seems a bit over the top.
                  Some parts of it might not be as reliable as you might wish.
                  It might not be perfect, or even very good, but the idea it wouldn't stand up in court sounds like nonsense to me.

                  Can I use the ast from the RLA as below if I wish? Rather than paying for their £300 service ? The agent cannot force me to use their service can they?
                  Yes, they can decide not to do business with you if you don't agree.

                  Agents are a business and they may legitimately want to use a single agreement so that they know what they've go to do for every tenant.

                  It caused some difficulty for my agent when I wanted to manage my tenant's deposits, because it meant that for every customer but me, they worked one way, and had to remember that I was different.

                  Agents do a job and need to earn a living; If you want them to provide you a service, you want them to be successful without ripping you off. So only you know if the costs they are quoting are worth it (because the one fee you have quoted isn't that bad).

                  But, on the basis that they're talking nonsense about your current tenancy agreement I'd query whether you should do business with them at all. A professional relationship would be based on them saying that, yes they'd like your business, it will cost £x million billion pounds to take over an existing tenancy, they'd insist on the tenant signing one of their tenancy agreements and after that it would be £x a month.

                  You could make a simple decision to go ahead or not.
                  Offering things that sound optional but you really have to agree to them doesn't sound a sensible start point.
                  You not wanting to pay £300 for something they seem to thing is necessary doesn't sound like a sensible start point.
                  When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
                  Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

                  Comment

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