Weekly AST - Rent book

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  • Weekly AST - Rent book

    I am purchasing a property that has tenants in with an AST from 2009 12 months.

    I understand that it is now held over.

    Rent is to be paid every Monday.

    Do I need to supply a rent book. Where can I read about that?

    I live quite far from the property, will I need to travel down every month to sign the rent book? or can I send receipts?

    Thanks.

  • #2
    The law says you must supply a rent book. It seems to be immaterial whether it is kept up to date or whether rent is signed for. Get the rent book signed for and make whatever other arrangements you see fit.
    I offer no guarantee that anything I say is correct. wysiwyg

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    • #3
      A "rent book" can be a sheet of A4 that has the necessary information.
      Just Google for one, print it out, send it, forget about it.
      Allow tenants to protect their own deposits. I want free money when they do it wrong

      Comment


      • #4
        Imm after prop purchase you need to formally notify Ts that you are their new LL. A new rent book 'or similar document' prescribed info will include your name and contact address 'for the service of documents'. You do not have to sign the rent book each week for receipt of rent, though Ts may use it as a record of rent paid with dates. You should be able to provide a corresponding rent statement regularly or when requested.
        Pres you will meet with Ts soon after purchase. If Ts do not have an Assured Tenancy and wish to stay for at least 6 months, you could offer a new AST with fixed term of 6 months with rent payable monthly and re-calculated pro rata. They can still pay rent weekly if desired but no rent book required.

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        • #5
          All OP has stated is that rent is "paid every Monday". That might be something the tenant actually physically does rather than how rent is reserved in the AST, which is what should prevail. Just a point worth consideration!
          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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          • #6
            Originally posted by Paul_f View Post
            All OP has stated is that rent is "paid every Monday". That might be something the tenant actually physically does rather than how rent is reserved in the AST, which is what should prevail. Just a point worth consideration!
            AST has it as £XXX per week in equal payments paid every Monday.

            If I send a letter with all information on myself and rent etc. is that ok as 'or similar document' or do I need to give them the sheets with the chart of rent even if it will never be used?

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            • #7
              Besides, whay would the ast have been made for weekly rent? Who does that help, LL or T?

              Comment


              • #8
                Originally posted by SusanHyde View Post
                I am purchasing a property that has tenants in with an AST from 2009 12 months.

                I understand that it is now held over.

                Rent is to be paid every Monday.

                Do I need to supply a rent book. Where can I read about that?

                I live quite far from the property, will I need to travel down every month to sign the rent book? or can I send receipts?

                Thanks.
                Hello Susan

                Are you sure the tenants moved in in 2009 ?
                Thunderbirds are go

                Comment


                • #9
                  Originally posted by 45002 View Post
                  Hello Susan

                  Are you sure the tenants moved in in 2009 ?
                  Details are difficult to come by as this is a repossesion, but I think tenants were there for some 15 years and previous LL drew up an AST in 2007.

                  Why do you ask?

                  Comment


                  • #10
                    Originally posted by SusanHyde View Post
                    Why do you ask?
                    Because it has a big impact on what the rights of the tenants are. The 2007 agreement potentially may not be worth the paper it's printed on. Did your solicitor fully investigate the status of the tenants before you exchanged contracts?
                    See http://www.landlordzone.co.uk/residential_tenancies.htm

                    Comment


                    • #11
                      I am a little worried now. I did mention to the Solicitor that I want him to check if I could get them out and he confirmed that yes as there was an AST from 2007, I dont know whether he checked more. Details were a little sketchy as it was a repossesion.

                      Why would there be an AST if not valid? Fraud? Is there a way to find out? 15 years would be just around 1996.

                      Comment


                      • #12
                        Ericthe lobster, why did you think of asking that? Is it because of the weekly payments, or is that just a standard observation?

                        Comment


                        • #13
                          Originally posted by SusanHyde View Post
                          I am a little worried now. I did mention to the Solicitor that I want him to check if I could get them out and he confirmed that yes as there was an AST from 2007, I dont know whether he checked more. Details were a little sketchy as it was a repossesion.

                          Why would there be an AST if not valid? Fraud? Is there a way to find out? 15 years would be just around 1996.
                          You need to make your Solicitor earns there Fee and find out exactly when theses tenants moved in.

                          Why do you mention 15 years in you post ?

                          If they moved in between 15 January 1989 and 27 February 1997 and the ordinary landlord did not give a notice saying that they would have an assured shorthold tenancy.

                          They would be Assured tenants.http://england.shelter.org.uk/get_ad...ured_tenancies


                          It does sound odd that they are paying rent weekly (AST ?) and still living there after a repossession..
                          Thunderbirds are go

                          Comment


                          • #14
                            Originally posted by 45002 View Post
                            You need to make your Solicitor earns there Fee and find out exactly when theses tenants moved in.

                            Why do you mention 15 years in you post ?

                            If they moved in between 15 January 1989 and 27 February 1997 and the ordinary landlord did not give a notice saying that they would have an assured shorthold tenancy.

                            They would be Assured tenants.http://england.shelter.org.uk/get_ad...ured_tenancies


                            It does sound odd that they are paying rent weekly (AST ?) and still living there after a repossession..
                            I did hear something about them being there for 15 years... thats why I asked Solicitor to check and he came back tha there was an ast.
                            In an assured tenancy do they never pay weekly? Why would a LL request to be paid weekly?

                            Comment


                            • #15
                              Originally posted by 45002 View Post
                              You need to make your Solicitor earns there Fee and find out exactly when theses tenants moved in.

                              Why do you mention 15 years in you post ?

                              If they moved in between 15 January 1989 and 27 February 1997 and the ordinary landlord did not give a notice saying that they would have an assured shorthold tenancy.

                              They would be Assured tenants.http://england.shelter.org.uk/get_ad...ured_tenancies


                              It does sound odd that they are paying rent weekly (AST ?) and still living there after a repossession..
                              I did hear something about them being there for 15 years... thats why I asked Solicitor to check and he came back tha there was an ast.
                              In an assured tenancy do they never pay weekly? Why would a LL request to be paid weekly?

                              Regarding repossesion, why cant they stay? The repo was by a bridge loan company and they wanted a quick sale.

                              Comment

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