• Property in E&W
• Rooms let individually
• 12 month AST ending 20th July this year.
Questions:
1. If the tenant wants to stay on with a renewal 6 month agreement, is there anything I need to be aware? and how does compare vs a 12 month renewal AST?
2. If a new AST is signed, do I have to re-protect his deposit again? ie. actually refund him his deposit, and then get him to transfer back to my account then protect again? Is this really necessary?
3. If a new AST is signed, do I need to do a Check-out and Check-in on him?
My understanding is that if I keep it 'rolling', I don't have to do any of the above..
What are the pros/cons of renewing a new AST on an existing tenant? seems like potentially a lot of paperwork. Only benefit is if you are raising the rent & council tax/bills to keep up with inflation?
Would like to hear what other LL's think.
Thanks in advance!
• Rooms let individually
• 12 month AST ending 20th July this year.
Questions:
1. If the tenant wants to stay on with a renewal 6 month agreement, is there anything I need to be aware? and how does compare vs a 12 month renewal AST?
2. If a new AST is signed, do I have to re-protect his deposit again? ie. actually refund him his deposit, and then get him to transfer back to my account then protect again? Is this really necessary?
3. If a new AST is signed, do I need to do a Check-out and Check-in on him?
My understanding is that if I keep it 'rolling', I don't have to do any of the above..
What are the pros/cons of renewing a new AST on an existing tenant? seems like potentially a lot of paperwork. Only benefit is if you are raising the rent & council tax/bills to keep up with inflation?
Would like to hear what other LL's think.
Thanks in advance!
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