Short let of single room- how to do it?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    Short let of single room- how to do it?

    I gather only a few BTL mortgage companies allow single room let contracts (as opposed to ASTs).

    I also gather than people often turn a blind eye to this and after the mortgage has been paid nicely on time for a bit, they may bend the rules, doing single let contracts, or disguising extra occupants as sublets or other such tricks.

    In reality I was wondering how widespread this is ? Do mortgage companies every do spot checks ? Would they serve notice for breach of conditions if they did find out that an AST was not present ?

    would appreciate any input.. i personally only ever do stuff totally by the book but would like to get a clearer picture of what actually goes on out there.

    #2
    As I understand it,

    If LL is not living there, no reason why tenants should not each have an AST relating to their accommodation.

    If LL is living there, the room occupants would be lodgers (provided no locks on doors etc.)
    Mrs Jones
    I am not an expert - my posts are my opinion and should not be taken as fact!!

    Comment


      #3
      Short letting of one room for three months

      Hi All,
      I have a room to let in a shared house. The new tenant wants the room for only 3 months which I am happy with. Do I do it under licence? where do i get one from. or an ast my understanding is that it will last for 6 months which niether of us want but I need to be safe than sorry, please advise. thanks.

      Comment


        #4
        Do you live there too? If so, are you the owner or yourself only a tenant?
        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).

        Comment


          #5
          Hi, no I dont live there. I had three tenants not related who came together under an ast. one T is moving out and has found someone else to move in the other 2 are happy with this. there is 5 months left on ast, new T not sure how long he wants to stay. he recons 3 months or maybe to end of ast.
          I dont mind 3 or 5 months I just dont want him overstaying and me having to much trouble getting him out. I would like to stick him on a monthly contract if there is one thanks again.

          Comment


            #6
            If you have ever been the owner-occupier, consider:
            a. serving a ground 1 Notice; then
            b. letting for three months on a Standard Assured Tenancy (not an AST).

            Ground 1 will give you a mandatory basis for possession more quickly than any AST's s.21 Notice would.
            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).

            Comment


              #7
              What do I do if i have not lived there. thanks

              Comment


                #8
                Well, in that case, do not grant an SAT. You also know that there are risks in granting an AST for less than six months. There's no easy answer.
                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).

                Comment


                  #9
                  does that mean that there is no way of doing a monthly contract. thanks

                  Comment


                    #10
                    Originally posted by thirsty View Post
                    does that mean that there is no way of doing a monthly contract. thanks
                    No. It means that any letting shorter than six months runs the risk of T being irremovable until after six months.
                    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).

                    Comment


                      #11
                      Ok thankyou big deposit it is then, He might even be true to his word and I have nothing to worry about. I like safe guards though. Thanks again.

                      Comment


                        #12
                        Hi could I give permission for my tenants to sublet the room. Then the new tenant would be there lodger. thanks

                        Comment


                          #13
                          Originally posted by thirsty View Post
                          Hi could I give permission for my tenants to sublet the room. Then the new tenant would be there lodger. thanks
                          No, unless the existing tenancy already includes that room.
                          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).

                          Comment


                            #14
                            best type of tenancy for short single room let

                            Dear Forum,

                            I have a 10 bedroom HMO that I can only ever get 8 out of 10 rooms rented to suitable tenants. I'm always having to spend so much time and effort dealing with those that don't want to pay.

                            My tenancy stipulates 4 weeks rent in advance, which I'm now changing to 8 weeks, but is there any kind of tenancy agreement I can draw up to enable me to evict the individuals that simply want to use HB monies to fuel their drug habits, and simply become abusive when trying to collect rent.

                            Its just that it seems to be an endless battle with dealing with the council and courts to remove bad tenants. Vetting the tenants with refereance etc is not helping, and unfortunately nobody that works would want to life in this type of house, even though its now far better.

                            But how can I prevent the 1 or 2 bad apples that are ruining the lifes of the other tenants. Dont life at the property, rent £70 pw, no chance of huge deposit, but crisis loan when organised is just further drug money for the bad apples.

                            Any help most welcome.

                            Comment


                              #15
                              Whereabouts is the property? Is it in a city/town with a reasonable number of students?
                              'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

                              Comment

                              Latest Activity

                              Collapse

                              • Reply to Greetings, I Come in Peace
                                by Turbine Terry
                                In a large nutshell and apologies for going off thread topic. Rental yields in my area (and many areas) have risen, particularly in the last year or 2. Even though house prices have gone up, rental prices have increased at a faster rate, so a better return on investment is being achieved lately....
                                21-01-2022, 10:57 AM
                              • Greetings, I Come in Peace
                                by AVJ113
                                Hello all, I am a prospective landlord. I will be arranging my first mortgage in principle today as a start to my evil buy-to-let empire. As a total newb, what would be the one piece of advice you would give after your years of experience as a landlord?
                                20-01-2022, 07:24 AM
                              • Reply to Occupational rent to an executor.
                                by Yoda 111
                                Thanks for your reply's and time , it's a difficult situation especially when it's a sibling trying to get more money out of me.
                                She wants 50% of the current rental value from me for herself which is clearly making a profit from my mother's estate which there was never any agreement made between...
                                21-01-2022, 10:53 AM
                              • Occupational rent to an executor.
                                by Yoda 111
                                I am currently living in my deceased mother's house which I have lived in for 46 years my sister is the executor of the Will. My mother died in February 2020 so nearly 2 years ago and now my sister want's to charge me occupational rent from the time of death up until grant of probate was granted may...
                                20-01-2022, 19:44 PM
                              • Reply to Labour taxation plans
                                by jpkeates
                                The problem with capitalism is that, eventually, other people run off with your money.
                                21-01-2022, 10:45 AM
                              • Labour taxation plans
                                by steaming
                                Rachel Reeves R4 this am told the interviewer that Labour (when in power) would raise money by taxing those with BTL property much more than at present, she opined it was wrong that “they” were “getting away with it”. No challenge from BBC or fact check as to present tax. You are warned.
                                20-01-2022, 16:55 PM
                              • Reply to Labour taxation plans
                                by boletus
                                The problem with socialism is that you eventually run out of other peoples' money.
                                21-01-2022, 10:14 AM
                              • Reply to Auction or try to sell in an estate agent
                                by Lawcruncher
                                "a company has offered to do this for me - saying they would pay me £180000- about 40k less than asking price I was offered last year" sounds like: "We will buy the property for £180000 and before the ink is dry on the cheque will have sold it to someone else for £220000."...
                                21-01-2022, 10:01 AM
                              • Auction or try to sell in an estate agent
                                by Prospero
                                During the last year or so, the mental health has deteriorated of the neighbour to my rental property. Two tenants have moved out due to the noise made by this person. After the first tenant moved out last year, I tried to sell the property, but the buyer withdrew when they heard that my neighbour was...
                                20-01-2022, 18:01 PM
                              • Reply to Labour taxation plans
                                by jpkeates
                                I've just read what she said in more detail.
                                She was specifically talking about the 1.5% NI levy for the NHS, which is applied to income from wages but not rent or other investments.

                                The labour party have previously said that this is unfair, because it taxes working people more highly...
                                21-01-2022, 10:01 AM
                              Working...
                              X