Student Let Agreement

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

    Student Let Agreement

    Hi,
    Im going to be letting a house to 4 students. The house will be shared and each will have there own room and I would like help with :

    1. What tenancy ageement do I use and where do I get if from. I do have
    standard 6 and 12 month agrements

    2. Do I put the deposit into the "deposit scheme" even though they are
    students ?

    Any advise would be welcome.

    #2
    Standard AST contract with either the complete house demised to them jointly (4 tenants on one contract) or 4 AST contracts with specific rooms demised to the individual tenants.

    The first option is financially simpler and avoids problems with utilities/council tax - however, it usually generates less rent than
    The second option which is much more flexible but tenants have minimal liablility for damage outside their demised area.

    As they are AST's, the deposits need protecting.

    The property will be a HMO - does it comply, do you understand HMO managers responsibilities?

    Comment


      #3
      Originally posted by Cameron9988 View Post
      2. Do I put the deposit into the "deposit scheme" even though they are
      students ?

      Any advise would be welcome.
      I'm only going to answer Q2. Yes you protect the students money.

      Err, is your first name Dave?
      I offer no guarantee that anything I say is correct. wysiwyg

      Comment


        #4
        Hi Snorkerz,
        I know the basics of HMO, but I was under the impression that 4 students would not need to be HMO. It is not registered with Wolverhampton council. I do have fire doors and frames with smoke alarms.
        I will check with the council on Monday.
        Thanks

        Comment


          #5
          It will be a HMO but unless Wolves have a local liceensing scheme will not require a license: But will require you adhere to regulations... IIRC

          Perhaps a bit more than basics worth-while?? Done any Landlord training??
          I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

          Comment


            #6
            Pretty much as per artfuls post - more than 2 unrelated occupiers, it is a HMO. It may not need a license, but you and it still have to comply with all the HMO regulations. Do you have c3 or c4 planning permission?

            Comment

            Latest Activity

            Collapse

            Working...
            X