Extension of tenancy that was previously with agent

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

  • mind the gap
    replied
    If you grant your T a further fixed term AST the agent will almost certainly (unless he is a charity - unlikely - or a dimwit - possible, but rare where fees are concerned)) be after you for continuation fees. He will argue that because he found you the tenant, you owe him for any repeat tenancy agreements.

    The best option is to allow the tenancy to roll over into a Statutory Periodic one, for which no new contract is required (all the T & C of the old fixed term one will apply, except for notice periods).

    That way the agent cannot screw you (and probably the T as well), for more money.

    The deposit can stay where it is until the T eventually leaves.

    Leave a comment:


  • richy
    started a topic Extension of tenancy that was previously with agent

    Extension of tenancy that was previously with agent

    Hi board,

    My tenant is coming to the end of his tenancy (completes in 1mth, this is the first time I have been a landlord). He was sourced through an agent and wishes to extend directly through me (which I am happy with as it saves both of us fees).

    The tenant is initially intending to extend for a further 3 mths. I need some advise of how to proceed.

    Do I need to raise a fresh contract for the 3mths?

    The agent arranged the deposit & also the inventory... Whats the best way to handle the deposit side of things (i.e should this be returned to tenant, then send back to me under a scheme I set up, or transferred directly to a new scheme I set up or something different?).

    Is there anything else I need to be aware of that I haven't thought of with regards to the tenant wanting to extend for only a short period of time?

    Many thanks in advance for the advise

Latest Activity

Collapse

  • Reply to Do you regularly (or at all) increase rent for existing tenants?
    by jpucng62
    I'm not sure that tenants on lower than market rent realise that they are - they probably don't keep an eye on things the way a LL might. I regularly check Rightmove to assess what is happening and use this information in my review of rents, but I think tenants probably only look when they want to move....
    23-09-2020, 10:21 AM
  • Do you regularly (or at all) increase rent for existing tenants?
    by ChrisDennison
    I would like to gauge your experience on this - in all my properties I have never increased rent in an existing tenancy, regardless of how long the tenant stays. Am I stupid or normal or somewhere in between?

    I’m of course happy to adjust to market rent whenever a tenant moves out and...
    19-09-2020, 19:00 PM
  • Reply to Can I exercise break clause and notice period
    by DPT57
    The landlord doesn't have to want to live there now. Its sufficient to have lived there previously....
    23-09-2020, 10:20 AM
  • Can I exercise break clause and notice period
    by wildflower
    According to the tenancy agreement, I, as landlord, may terminate the tenancy by serving a break notice on the tenant. This is an assured shorthold tenancy and the break notice period must be at least two months. Am I correct in thinking that this means that I would seek possession under Section 8 rather...
    20-09-2020, 05:07 AM
  • Reply to Direct Debit vs Standing Order
    by ChrisDennison
    Ok that’s a fair point for questioning further. Although from the other posts it sounds as if direct debit would actually be better for the tenant, not worse. So I would be more worried if a tenant says ‘I only pay you by direct debit’.



    Well whenever I look at my statements...
    23-09-2020, 10:19 AM
  • Direct Debit vs Standing Order
    by danwestgarth
    Has anyone any experience in collecting rent from tenants using Direct Debit opposed to Standing Order? From what i understand, with Direct Debit the payee (landlord) is in control, rather than the payor (tenant). JCould be a good way to minimize missed payments during covid-19. Does anyone know of...
    22-09-2020, 15:44 PM
  • Reply to Rent arrears
    by jpkeates
    A tenant who doesn't communicate well about arrears wouldn't be unusual.

    In normal times I would suggest serving notice and use MCOL for the arrears.
    But with six month's notice and a huge court backlog, that's less appropriate.
    The risk of the tenant either stopping paying...
    23-09-2020, 10:01 AM
  • Rent arrears
    by MP31
    Hi

    I have a tenant who got in arrears in the end of 2019 by 1.5 months because of work then continued to pay full rent until Covid. He couldn't work and was unfortunate to not get furlough or any government scheme other that UC so we arranged a reduced for 4 months. Now he is behind further...
    22-09-2020, 19:58 PM
  • Reply to Direct Debit vs Standing Order
    by boletus
    It's just one of many, many things that come up during a natural conversation with a prospective tenant. E.g "How are you paying the rent?"

    DD & SO are often used interchangeably. I've lost count of the amount of times I've explained it. A tenant knowing the difference wouldn't...
    23-09-2020, 10:00 AM
  • Reply to Rent arrears
    by Perce
    Those who are not paying anything are doing it deliberately or cannot be bothered to make arrangements. Where do they get money to eat, pay bills, pay council tax, pay for mobile phones, pay for petrol like my tenant ? The government provides a lot of support with rent. I have just looked in my area...
    23-09-2020, 09:59 AM
Working...
X