Taking over management: new paperwork?

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

    Taking over management: new paperwork?

    Hi,

    I have a tenant who's been in a property of mine for 6 months. The day to day management until now has been handled by a letting agency, but I've decided to take on full management myself now (as they were more hindrance than help).

    The original agreement was an AST, which they've forwarded to me (well, a single page with signatures and a few bullet points, not full T&Cs). It has my name on it as the landlord, but because of the lack of detail, there's no mention of staying on after the fixed term period. Honestly, it all looks a bit noddy, and I'd rather have something more substantial drawn up now I'm taking it on myself.

    Of course my tenant now moves to a monthly periodic tenancy, which I'm more than happy with.

    The thing is, now that the situation's changed and the tenant's paying me, not the agency, I'd like some paperwork for both our benefit. I got hold of a standard blank AST agreement, but having read through it all, I don't think it really applies (unless I specify the "fixed term" as one month). Is this standard practice for renewing tenancy agreements?

    Or do I need a specific contractual periodic tenancy agreement, that is assumed to follow on from the letting agency's original AST? Where would I get hold of a CPT form if I needed one?

    Any advice gratefully received

    G

Latest Activity

Collapse

  • Reply to Renting rooms
    by DoricPixie
    It wasn't so much tat as a ground for eviction for PRT is wanting to move into the property (for now). It was more that I'd put my heart and soul into making the property nice and it wasn't being cared for as well as I would have liked. I didn't like being at the mercy of a letting agent either particularly...
    28-01-2022, 18:03 PM
  • Renting rooms
    by Luke
    I have a three bedroom property in the U.K which I will rent out .
    I have had an enquiry from a couple and a friend
    I do not intend to live at the property
    Would it be possible just to rent two rooms to them , on the understanding they have full access to the property ?
    As its...
    28-01-2022, 06:09 AM
  • Reply to Renting rooms
    by DoricPixie
    I've had unoccupied insurance whilst I was overseas before. It was challenging finding an insurer as a non-UK resident but I did find one and the premium wasn't horrific. I did have to have someone go and check on the property every week as a condition of the insurance and luckily I had someone to...
    28-01-2022, 17:59 PM
  • Reply to Renting rooms
    by theartfullodger
    Just be careful with insurance. Empty properties are a "challenge"
    28-01-2022, 17:57 PM
  • Reply to Renting rooms
    by Hudson01
    If i were in this position then i would do the same, there is far too much risk thesedays if you wish to move back into it, either accept the risk and rent is as it really is with an AST or leave it empty....
    28-01-2022, 16:38 PM
  • Reply to Deducting Cleaning Costs from Deposit
    by jpkeates
    That document is out of date and, in a lot of places, possibly as a consequence, now wrong or misleading.

    The concept of individually negotiated clauses is now deprecated in consumer law.
    The OFT no longer exists and it's successor, the CMA, has withdrawn its advice about unfair terms...
    28-01-2022, 16:18 PM
  • Deducting Cleaning Costs from Deposit
    by Piffy
    I use a Letting Agent. Recently the tenants vacated, prior to the tenants leaving when the letting agent did an inspection they advised the tenants that the property would need cleaning before they vacated. The tenants have now left, the place does need a good clean, the Letting Agents have said that...
    27-01-2022, 11:30 AM
  • Reply to Renting rooms
    by DoricPixie
    You can't have your cake and eat it Luke. If you want to receive rental income from a property that is not also your main home you have to accept that the occupants will be tenants. This means that you will have to comply with all your legal obligations as a landlord unless you want it to come back...
    28-01-2022, 16:09 PM
  • Reply to Deducting Cleaning Costs from Deposit
    by DoricPixie
    I wasn't sure if I was missing something in the model agreement that gave the requirement to leave the property reasonably clean regardless of the condition at the start of the tenancy - seems I wasn't.

    I seem to recall the "professional" cleaning fee being an unfair clause although...
    28-01-2022, 16:06 PM
Working...
X