Earnings to rent

SUGARSPICE

Hello All.

Is it right that you have to earn a certain amount to be able to rent ?

Also can you rent & someone else helps to pay it for you?

Many Thanks.

:beer:

tim123456789

all of this depends upon the LL

you'll have to ask them

richardw

Someone can guarantee the rent for you, known as a Guarantor, but they would have to be financially good for the landlord to accept you as a tenant and them as a Guarantor.

gazter

SUGARSPICE wrote: »

Hello All.

Is it right that you have to earn a certain amount to be able to rent ?

Also can you rent & someone else helps to pay it for you?

Many Thanks.

:beer:

-

The person who you are renting from needs to know that you can afford the rent. Either through a job that pays sufficiently or through LHA (housing benefit) entitlement.

If the land lord is going through a letting agent, they will almost certainly use a formula based on your income to determine if you are able to manage the monthly rent.

SUGARSPICE

Thank you all for your replys

Im actually in the place of rent.I split with my partner & hes moved out but still paying the rent because Im not earning.The tenancy ends in Nov but it most probably will be ended sooner because he obviously dont want to keep paying for somewhere he not living.

Im looking at taking over the tenancy obviously if I find a job quick enough.

The estate agents say they do not accept HB its a breach of contract.

Do only certain estate agents allow you to have a garentor?

Werdnal

If you have someone willing to stand as guarantor, ask the agent/LL to approve them. However, guarantors need to have a high income and/or be a home owner in their own right - LL/agent will want proof of this, as they have to be able to cover their own living expenses and have enough income or assets to cover yours aswell. The idea of the guarantor is to give the LL someone else to chase and/or sue if the rent is not paid, not necessarily to cover the rent which the tenant cannot afford because they have no income. If you wish to become a tenant, the agent will still want proof that you have money to afford it.

There is also no guarantee you will automatically be able to take over the tenancy - it doesn't work like that.

When you say the tenancy ends in November, but may end sooner, you cannot decide this. If the Fixed term runs until then, the tenancy and you/your partner's liability for rent remains until then. You can ask to be released earlier if the LL will agree, but you signed to pay the entire rent for the entire contract and he doesn't have to agree you leaving early.

Are you both currently named on the tenancy agreement?

SUGARSPICE

What do you mean by there is no guarantee that I will be able to take over the tenancy?

It ends 21st November but may end 21st Sept because we have to give two months notice.Im trying to find work by then so I can then be sole tenant.

We are both joint tenants.

BitterAndTwisted

If the rent is £750 a month and you earn only £1000 there is no way you would be granted the tenancy in your sole name. That is what is meant by "no guarantee". Your landlord is not obliged to offer you the tenancy.

I'd also be treble-checking this tenancy-ends in Nov but may end in Sept business as none of that make any senses to me. Might you be talking about a break-clause?

Werdnal

SUGARSPICE wrote: »

What do you mean by there is no guarantee that I will be able to take over the tenancy?

It ends 21st November but may end 21st Sept because we have to give two months notice.Im trying to find work by then so I can then be sole tenant.

We are both joint tenants.

If you are in the Fixed term of the tenancy, you cannot end it early unless it contain a break-clause. If your contract ends on 21 November, you are BOTH bound to pay rent up until then. LL may agree to release you early, but no guarantee and legally he does not have to.

The tenancy is currently in JOINT names, and cannot just change to SOLE name. The original tenancy would end, and the LL does not have to accept you as a single tenant. The tenancy does not transfer to you - it ends and a new one starts, and LL has no obligation to take you on as a tenant at all.

tim123456789

Werdnal wrote: »

If you are in the Fixed term of the tenancy, you cannot end it early unless it contain a break-clause.

You cannot insist on ending it early.

you are perfectly entitled to ask to be released (with no penalty) and the LL is perfectly entitled to agree

tim

SUGARSPICE

Hello all to have replied & Thank you.

It says in the contract the following :

"In order to bring the tenancy to an end at the expiriation of the fixed term period or anytime after the expiriation period, a minimum of 2 months written notice be provided LL to the tenant or Tenant to LL."

So that means that I can give 2 months notice at the end of September which then gives me to the end of the contract.Is that right?

What about where it says " or anytime after the expiriation period" ?

If my ex wants it to end, end of Sept then he needs to give the 2 months notice beginning of August dosent he?

Also, Ive found in the contract something about HB.Its saysthe following:

To be liable at any time to reimburse the LL or his agent any sums which the LL or his agent is required to pay the local authority in respect of HB which has been paid direct to the LL or his agent on behalf of the tenant, and accepted in good faith, but blah blah blah balh blah.

So does this mean that they do accept HB because it says something about HB in the contract.

They told me that HB was strictly not allowed.

Any advice, much appreciated :beer: