Removal of name from AST agreement?

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    Removal of name from AST agreement?

    My current tenancy agreement is a AST due to expire end of Jan 09.

    We have been living in the property over 18months (renewed twice) and in all that time there has been 3 names on the agreement.

    If we were to declare to the letting agent that one of us has moved out and needs to be removed from the tenancy, will DF and I have to go through the credit checks and financial stability checks, along with the administration fees again even though the tenancy is mid way through?

    Thanks

    #2
    Originally posted by littlelandlord View Post
    My current tenancy agreement is a AST due to expire end of Jan 09.

    We have been living in the property over 18months (renewed twice) and in all that time there has been 3 names on the agreement.

    If we were to declare to the letting agent that one of us has moved out and needs to be removed from the tenancy, will DF and I have to go through the credit checks and financial stability checks, along with the administration fees again even though the tenancy is mid way through?

    Thanks
    No amount of 'declaring' or 'needing to be removed' will make any difference.
    All three are the tenants, jointly and severally. All are liable for the entire term, UNLESS L feels compassionate and condescends to allow:
    a. an Assignment, from 3 to 2, with L's participation but at your cost; or
    b. an early Surrender by 3 to L, coupled with new AST by L to 2.
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).

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