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new tenancy agreement?
new_home_owner_3
Posts: 1,191 Forumite
ive been renting my house out now for nearly 6 months and was wondering whether to leave the tenants on a periodic agreement which it will fall into, or should i offer them another 6 months?
The tenants are great, i suppose the best thing for me is to ask them, what do you lot think?
The tenants are great, i suppose the best thing for me is to ask them, what do you lot think?
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If they resign, you get the security in knowing you have tenants for the next 6 months.
I just renewed my tenants agreements, 1 resigned for another 6 months and the other for 12 months this time.
I dont make any charges for the new tenancy agreement (as LA's often do) and the tenants are happy knowing they have their home for a longer period.
Depending on who the deposit is lodged with you may have to relodge it for the new agreement. (and possibly pay a new fee if it is a fee charging scheme). If you are in the free DPS scheme then you dont need to worry about this, it is secured until the Joint Deposit Repayment Claim is made.:jProud mummy to a beautiful baby girl born 22/12/11 :j0
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