Should our ternant have a Rent Book?

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    Should our ternant have a Rent Book?

    Hello, I'am new to these boards.

    We are renting our property out privately. At the moment the Tenants are paying by cash into our Bank Account, monthly. They haven't set up a Standing Order, or a Direct Debit. The Bank Statement just shows cash paid, but no name.
    Does the Tenant need a Rent book to sign for more evidence of paying?

    They have signed an Assured Shorthold Tenancy Agreement.

    Any help appreciated. Thanks

    #2
    Originally posted by Jes View Post
    We are renting our property out privately. At the moment the Tenants are paying by cash into our Bank Account, monthly. They haven't set up a Standing Order, or a Direct Debit. The Bank Statement just shows cash paid, but no name.
    Does the Tenant need a Rent book to sign for more evidence of paying?
    If I was the tenant I might want more evidence of payment to protect against a dodgy landlord trying to pull a fast one; but having said that they should have receipts from the bank which would prove what money was paid into what account.

    I would be strongly pushing them towards setting up a standing order, which would show a clear paper trail and be more secure for you (so the transaction happens on the same day each month and you aren't left wondering if and when the tenant will remember to go to the bank). Furthermore, why should you have the extra aggravation of having to sighn a rent book?

    Is there some reason why they haven't set up a standing order, though - do they not have a bank account?

    Comment


      #3
      I have a couple of tenants like this who don't believe in bank accounts. I provide them with a paying in book issued by my bank and dedicated to the account into which my rents are paid. Tenants therefore visit their branch of my bank each month and pay their rent in. The paying in book stubs being a record of rent paid. It has worked well for me for years.

      N.B. Rent books are not needed unless the assured shorthold tenancy agreement requires the rent to be paid weekly.

      P.P.
      Any information given in this post is based on my personal experience as a landlord, what I have learned from this and other boards and elsewhere. It is not to be relied on. Definitive advice is only available from a Solicitor or other appropriately qualified person.

      Comment


        #4
        Originally posted by P.Pilcher View Post
        I provide them with a paying in book issued by my bank and dedicated to the account into which my rents are paid. Tenants therefore visit their branch of my bank each month and pay their rent in. The paying in book stubs being a record of rent paid. It has worked well for me for years.
        Agreed. I do that too for some tenants and it works quite well.

        Comment


          #5
          Yes, creativity and flexibility can be useful.

          A student tenant once offered me three dustbinliners stuffed with clothes she claimed were 'designer' in the hope that I would accept them as part of her her last month's rent. (I didn't).
          '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


            #6
            Originally posted by mind the gap View Post
            Yes, creativity and flexibility can be useful.

            A student tenant once offered me three dustbinliners stuffed with clothes she claimed were 'designer' in the hope that I would accept them as part of her her last month's rent. (I didn't).
            No doubt they were from that famous designer 'Primarni'!!!

            Comment


              #7
              A rent book is necessary only if the letting is at a rent payable weekly: s.4 of LTA 1985.
              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


                #8
                Thanks for all your replies and helpful advice.

                I had a friendly chat with the tenants and they have agreed to set up a Standing Order.

                Comment

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