The ideal situation for property owners and rent to rent landlords would be tenants that always pay their rent on time and that always look after the property they rent with care. Unfortunately, sometimes such tenants are hard to find and a landlord may not realise until a tenant has already moved in. It is therefore absolutely essential that landlord’s first take legal advice for example to be clear on the type of tenancy it wishes to offer its tenants, the length of time that it would like its tenants to stay and any obligations that it would like its tenant to keep as well.
Does a landlord want the option to end the tenancy early, if required?
What happens if you are managing the property for a property owner on a rent to rent basis?
Does a landlord want to take a deposit as security just in case something does go wrong?
If a landlord takes a deposit from its tenant, there are legal obligation that it must comply with. For example a landlord must within 30 days put the deposit received in a government-approved tenancy deposit scheme (TDP) if it rents it’s property on an assured shorthold tenancy that started after 6 April 2007. It is therefore highly recommended that a landlord has a robust tenancy agreement in place before it allows tenants to move in.
If a landlord already has tenancy agreements, it is equally important that it is updated them.
Evict a tenant
If a landlord needs to evict a tenant, there is a strict legal process that must be followed which begins with serving the tenant with the right notice to end the tenancy agreement.
We can offered fixed fee assistance to landlords in certain circumstances. Give us a call on 07535 625 178 or make a free enquiry at [email protected] and we’ll call you.