Advice on Surrender of AST

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

    Advice on Surrender of AST

    Hi all,

    This evening I am meeting T to sign a surrender, check out meeting and return of keys. He owes around £500 in rent. What are the key pieces of information that need to be included on the deed of surrender? I have included a forwarding address, key dates, details of T and LL, terms of surrender and release. What further information can I take from T to give myself the best chance of recovering arrears in court in the future if he doesn't pay as we have arranged? We only agreed to the surrender as we've found a replacement T, and the T is in financial difficulty as it is, so we'd rather recover rent for the last couple of months than allow him to accrue further arrears which he could not (and probably wouldn't) pay back.

    Any advice appreciated, I'm quite nervous, not sure why but I just want this T out as easily as possible.

    RR

    #2
    I'd recommend getting a Deed of Surrender drawn up by a solicitor qualified in LL & T law, rather than a DIY job.
    The information in my posts is provided 'as is'. This is not intended to be legal advice. Legal or other professional advice should be sought before acting or relying on this information or any part of it. I will not be held responsible for loss or damage arising from errors in the information or the way in which a person uses the information on this . For more information on your query use the '' link at the top of this page. Agreements, Forms & Notices can be found .

    Comment

    Latest Activity

    Collapse

    • Reply to Winter of Unpaid Bills
      by JBJ01
      While many on here worked their socks off for years during the day and then evenings and weekends putting their money into property, many others decided to live for the day and have total disregard for the future and what it may bring.

      Heading off to graft on house renovations in the afternoon,...
      11-08-2022, 05:17 AM
    • Winter of Unpaid Bills
      by jpucng62
      Does anyone think their tenants are ready for the huge rises in energy bills this winter? Given that unit prices are expected to more than double from where we are now (and that is a big rise already) does anyone think tenants really have a grasp on this?

      With mortgage rates going up fast...
      10-08-2022, 10:50 AM
    • Reply to Winter of Unpaid Bills
      by SouthernDave
      Good point...
      10-08-2022, 19:09 PM
    • Reply to Winter of Unpaid Bills
      by DPT57
      I'm more concerned at the possibility of a winter of unheated rental properties and then the tenants expecting me to deal with the resultant mold.
      10-08-2022, 19:04 PM
    • Reply to Dps deposit
      by Codger
      I think the deposit of five weeks rent is more trouble than its worth. Not taking deposits means being a bit more selective in choosing tenants.
      Considering the value of the asset the tenants are trusted with the deposit rules are crazy. But thats only one of the red tape obstacles to being a...
      10-08-2022, 18:22 PM
    • Dps deposit
      by Jm1972
      Hi All,

      i would be grateful if I could get some help please.

      I got an estate agents to find me a tenant and do all the paperwork and get proof of service for everything, tenant moved in and paid deposit just over a week ago.

      The estate agents took the deposit from...
      08-08-2022, 22:40 PM
    • Reply to Winter of Unpaid Bills
      by jpkeates
      The daft thing is that because people will owe them the money, it won't even affect the energy company profits.
      10-08-2022, 16:52 PM
    • Reply to Dps deposit
      by jpkeates
      Looking after a significant amount of someone else's money is not a trivial undertaking.

      I spent most of my career designing and building business solutions to replace manual processes.
      So I have a reasonable idea of what's possible.

      There's nothing in it but downside...
      10-08-2022, 16:50 PM
    • Reply to Winter of Unpaid Bills
      by Hudson01
      As said the idea of simply not paying is in the realms of crazy. They can get a warrant and fit a pre-payment meter to the house without your consent, i understand they will not be able to do this with everyone but the message will soon go out if they target the 1st few thousand, and as said your credit...
      10-08-2022, 16:47 PM
    • Reply to Dps deposit
      by gnvqsos
      You accept and defer ,and I take the view that the DPS could set up a programme where the incoming receipt of fund(and email details) could trigger the transmission of information relating to the DPS, and its processes. It means there is one less thing to go wrong. I like an easier life and do not take...
      10-08-2022, 16:29 PM
    Working...
    X