New Student landlord question

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    New Student landlord question

    Hi,

    I am a new student landlord, my son being one of the tenants. I asked previously about utilities and someone suggested putting them under my name and charging the tenants an extra £5 per week each to cover. Should this extra money be added to the official rental amount on the tenancy agreement (what if the bills come to more?) or should I have a private arrangement with them as we are unsure exactly how much they will come to.

    If the utilities are best in their names, are they registered under all four of them?

    I would appreciate some advice.

    Thanks

    #2
    You haven't said whether the other tenants are in situ as you can't start bringing in elements if they are already there, and have signed a tenancy agreement.

    Tenants are entitled to know about any charges you might make before they enter into a contract, and that includes any you might make after they have moved out.

    You can't make a "secret" profit, but could make administrative charges to tenants, but again, only if they knew about these beforehand.

    Otherwise you could be using potential unfair contract terms.
    The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

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      #3
      Hi,

      The tenants are not in yet. I don't want to make any profit from the utilities, just to charge them what they use, I am quite happy for them to have copies of all the bills. I just want to know the best way to tackle it.

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        #4
        What about this idea? The tenants will use the electricity, water, gas, telephone. Therefore on moving in take meter readings with them present and transfer the bill to their names jointly. Keep it simple.

        You don't live at the property, so the bills are not your responsibility (until you have a void).

        Who you trying to help? The utility companies? Get real!

        Comment


          #5
          Thanks for the information, will give this a go for this year and see how it goes.

          Comment

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