Tenancy agreement template

theartfullodger

Thesmiths, if you need to take those pills, please go ahead!!

propertyman

It is sometimes frustrating for those of us professionals when opinions are presented as fact, argued contrary to the law and buckets of experience, where the law, odd as it is, is itself substituted with "common sense" " logic" and incomparable rationalisations.

More worrying is the expectation that everything is free and can be downloaded, that when it goes wrong it can't be their fault, and that "how I think it should be" should overide " how it is".

When you are trying to explain and help, and perhaps open members to other perspectives and new information, it can be frustrating especially when some members are only seeking reinforcement of their own opinion.

But who said the world is perfect

Blackcat29

Hi

Some advice please.

I am hoping to become what they call an 'accidental landlord'.

I can not sell my house but am moving next month regardless, have to go then due to school deadlines.

My options are to leave the house empty - not financially viable, or to rent it out until I can sell

I have a prospective tenant that I think I will be able to trust but I want to make sure everything is legal etc.

I need to send a copy of my tenancy agreement to my mortgage company to gain their permission to rent.

Where is the best place for me to get one? I don't want to pay out a fortune incase my mortgage company say no, but don't want some freebie that would make my mortgage company think I was clueless and leave me in trouble if anything did go wrong.

Advice really appreciated as I need to sort this out asap.

Fire_Fox

Blackcat29 wrote: »

Hi

Some advice please.

I am hoping to become what they call an 'accidental landlord'.

I can not sell my house but am moving next month regardless, have to go then due to school deadlines.

My options are to leave the house empty - not financially viable, or to rent it out until I can sell

I have a prospective tenant that I think I will be able to trust but I want to make sure everything is legal etc.

I need to send a copy of my tenancy agreement to my mortgage company to gain their permission to rent.

Where is the best place for me to get one? I don't want to pay out a fortune incase my mortgage company say no, but don't want some freebie that would make my mortgage company think I was clueless and leave me in trouble if anything did go wrong.

Advice really appreciated as I need to sort this out asap.

Join a landlord's association and use theirs, read this especially post 12 https://forums.moneysavingexpert.com/discussion/3048526

Blackcat29

Hi, just realised that my mortgage company specify that they won't give permission for letting involving DWP. As my prospecitve tenant is DSS this is my 1st problem.

My only way round this presumably is to move my mortgage, how do I get a suitable mortgage? Will joining NLA or RLA help me sort this? How long is it likely to take to move my mortgage? I am not tied into a deal at present.

Yorkie1

Your LL's insurance (you can't retain your existing domestic insurance product) may also state that you can't let to tenants in receipt of benefits.

I can't recall whether you've said earlier in the thread that you must take this particular tenant. Would changing your tenant be an option, because this is an issue you may well encounter in the future?

Blackcat29

This tenant has kind of fallen into my lap, her son lives next door! And I believe that she will take care of my property.

The problem is that most tenants who can afford to pay their own rent are going to choose somewhere else - due to the area, not my property!

So if I can't accept DSS I may struggle to get a tenant to begin with and may have long voids between tenants if they move on.

theartfullodger

Yorkie1 wrote: »

Your LL's insurance (you can't retain your existing domestic insurance product) may also state that you can't let to tenants in receipt of benefits.

....

No offence Yorkie but this is surely wrong: Perhaps can't let to those on JSA .. but the insurer would prohibit anyone in receipt of Child Benefit, DLA, State Pension, Maternity grant-thingy, statutory sick-pay, Winter Fuel Allowance... or working but getting a small HB/LHA top-up????

I've just quickly read my NLA LL insurance ("Superior Property Insurance") & there appears to be no such exclusion.. of JSA, DLA, ESA, etc etc but maybe I missed something...

Yorkie1

This has been mentioned on here before; I was perhaps too unspecific re. particular benefits in my attempt to flag up a point which the OP would need to investigate themself.

Direct Line is one example where it will not provide LL's insurance unless the following assumption (among others) is met:

"At least one of the individuals who have signed the tenancy agreement must be either employed, retired or in receipt of a disability benefit at the point of signing the tenancy agreement."

As OP's tenant appears not to meet these assumptions, the Direct Line cover would not be available.

Blackcat29

I haven't looked at insurance yet but will take that into account, as it's pointless to pay for something that would be invalid if I needed to claim.

I seem to be hitting a lot of walls in my efforts to prevent my current home becoming a noose around my neck, which is getting frustrating. How would my mortgage company know that my tenant was DSS?

What happens if someone is working but then a change in circumstances mean they have to claim housing benefit, surely I can't just kick someone out because my mortgage company don't allow DSS?