How soon can I take deposit and get contract signed

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    How soon can I take deposit and get contract signed

    Hi,

    My current tenant is moving out on the 26 June and my new tenant is moving in on the 28 June.

    How soon can I register the new tenants deposit with DPS and have him sign the contract?

    Thanks




    #2
    Anytime you like.

    I would suggest waiting until your tenant has actually vacated and you have checked that the property will be available on the 28th.
    There's no benefit to taking any money or committing anything prior to the 28th June.
    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).

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      #3
      Thanks. I just wanted to have the new tenant committed to moving in. If he doesnt move in then it will take me a month or so to find a new tenant, and the property will be empty (which impacts my building insurance). Perhaps Ill take a chance and wait until 28th.

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        #4
        Gaps between tenancies are just part and parcel of being a landlord - your landlord's insurance should handle that issue somehow.
        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
          If by committing the tenant you mean signing the contract in advance, then this also commits you. If your current tenant didn't move, you would be responsible for paying for alternative accommodation for the new tenant until they can occupy. You may be confident that the current tenant is moving, but stuff happens.

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            #6
            Has tenant given valid notice? If not they don't have to leave, and even so can stay, perhaps subject to double remt
            I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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