Landlord trying it on?

LandlordLee

I think she is just saying it to be honest as i have never heard of that.

However for the landlord to offer you a reduced price is a bonus. She could have easily said no and re let the property.. But its that time of year and i am sure that the reduction half way suits both parties.

At least if you have a 12 month contract you are protected in knowing that you have got somewhere for the next year, and have got the cheaper rent.

good luck

wabbits

Hi Wolvotim.

The estate agent rang this morning saying that she now wants a 12 month contract as she is not allowed to have 6 month contracts in the terms of her buy to let mortgage.

My wife and me rent out properties via a management co, so looking at this from the other end....... I don't believe this for one minute!!!!!

For a start....good luck to them getting any tenant to sign up for twelve months!!! They are really going to have problems if you move out.

Secondly, I prefer the 6 month agreement anyway...it protects both parties...with 1 months notice, post the 6 month contract.

No one likes to loose a good tenant and have to search for another one..so negociate with them.

regards

wolvotim

wabbits wrote: »

No one likes to loose a good tenant and have to search for another one..so negociate with them.

I feel we've been good tenants to her we've always paid up on time, kept the house spotlessly clean (her own brother said we keep it cleaner than she did!), and we even decorated the living room out of our own pocket.

And what we've had back in return for being good tenants is no response to numerous e-mails, it took her 6 months to fix the lock on the downstairs front window (you could pull it open from the outside and get in!) and the boiler has been making weird noises for weeks and she's done nothing about it:mad:.

LandlordLee

I agree with Wabbits on the tenancy part.. 6 months is always best and i would never issue someone on 12 months.

What you usually find is the tenant enjoys the flexibility and stays beyond the fixed period anyway.

Now wolvotin, i would really stick with your £25 reduction as it sounds reasonable to me. If rental demand is hign in your area your landlady may wish to re-let the property and all your good efforts in the house would have been a waste. If you know rental is weak then try for more...

But try and do some research calling agents and asking what you would expect to pay in this area and how long do they usualy take to let. Tell them you have a place you are thinking of letting out. This would put you in a great position.

Also negotiate the repairs to be done with the signing of the new tenancy!

dopester

The economy is shedding jobs big-time. There are major negative pressures on rent valuations in the not so distant future in my opinion. Standby for the rent price crash.

LandlordLee

If we do get a rent price crash which i doubt we will see increased defaults and banks taking them back meaning fewer left on the market to rent.