Letter/agreement oustide of the AST guaranteeing lease extension

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    Letter/agreement oustide of the AST guaranteeing lease extension

    I'm trying to think of ways to assure a jittery prospective T that as the LL I have no intention of asking him to leave as long as he keeps paying the rent.

    The issue is that prospective T wants a longer term fixed contract and I want a 6 month one to protect myself in case rent stops being paid. Because prospective T does not have enough salary to cover the rent and his money will be coming from his parents abroad and from a second prospective T who again can not "show" income in the UK but shows monies abroad. They will pay 6 months rent upfront. This paragraph was for background info only.

    Could I do the following: Execute a regular 6 month AST. Seperatly write the T a letter saying that as LL I will not issue any notices or ask the T to leave the property as long as the rent continues to be paid for at least 12 months?

    Thanks!

    #2
    I would not do this - it is no different to a 12 month with a 6 month break clause indeed worse - because it would give T the opportunity to leave at the end of 6 months but tie you into 12.

    (As you know) IANAL but how about a simple statement of facts:

    On the expiry of your 6 month fixed term contract the law will create a replacement tenancy which will remain valid until you give due notice or we end the tenancy through the legal process.

    Comment


      #3
      Bird, at one point you need to learn to let go and just tell a prospective tenant: "these are my final terms, take them or leave them".

      You can of course tell the prospective tenant that your are a long term BTL landlord, so that as long as he is a good tenant you will have no reason to ask him to leave.

      However if you are not prepared to offer of long fixed term tenancy, just don't put anything in writing beyond the terms of the tenancy agreement.

      What you propose can only come back to bite you.

      Comment


        #4
        So, if he is the tenant from hell, you won't care as long as the rent is paid?
        Allow tenants to protect their own deposits. I want free money when they do it wrong

        Comment


          #5
          So with a T who will pay 6 mo rent upfront because his salary is not enough to cover rent and says money will be coming in from abroad, what would be the ideal long-term contract? 12 mo with 7 mo break clause? 8 mo break clause? 9 mo break clause?

          T is adamant that he does not want a 6 mo AST. I am not going to dig my heels in and say that I will only offer 6 mo AST.

          Comment


            #6
            Give him a 7 month without a break clause.
            Allow tenants to protect their own deposits. I want free money when they do it wrong

            Comment


              #7
              Originally posted by Bird View Post
              So with a T who will pay 6 mo rent upfront because his salary is not enough to cover rent and says money will be coming in from abroad,
              Is your property so horrible that nobody else will even consider it? Why are you so desperate to take on this tenant? What happens 6 months into the tenancy if the money doesn't come in from abroad?

              Comment


                #8
                Originally posted by Bird View Post
                T is adamant that he does not want a 6 mo AST. I am not going to dig my heels in and say that I will only offer 6 mo AST.
                Why not if that's only what you're prepared to offer?
                Especially considering the amount of aggravation this is causing you...

                There's very little practical difference for the tenant between a simple 6 months fixed term and a 12 months fixed term with a 6 months break clause.

                Comment


                  #9
                  My flat is very nice. I was advertising with iigloo and not getting much response, turned out they were going under and didn't "place" the ad properly. It's taken way too long to get it rented. I don't live here and am desperate to get out and go back to my real home and my real life. Hence..

                  Comment


                    #10
                    Originally posted by thesaint View Post
                    Give him a 7 month without a break clause.
                    I can have a 7 month AST? Great!

                    Comment

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