Advice needed please: tenant keeps paying rent late

SeduLOUs

Emanef wrote: »

Eh? That link says two calendar months notice to end an assured periodic? I thought you said the two weeks would not be enforceable and the two months of AST law would be correct?

But giving two months notice doesn't actually mean the tenant has to leave...

Cissi

Emanef wrote: »

Eh? That link says two calendar months notice to end an assured periodic? I thought you said the two weeks would not be enforceable and the two months of AST law would be correct?

SeduLOUs wrote: »

But giving two months notice doesn't actually mean the tenant has to leave...

...and to add another point to what Sedulous said, nor does it have anything to do with "both parties wanting to end it". A S21 is a no fault notice and if served correctly the court WILL issue an order to end the tenancy. A S8 may have the same result but is at the discretion of the judge.

SerialRenter

moneyistooshorttomention wrote: »

I disagree.

I think it would be perfectly fair to charge interest on late rent. After all, it's not uncommon for firms to charge interest on accounts that aren't paid promptly. This is a business transaction after all.

It's all well and good to think this would be a good idea, that is, until you actually do the maths.

Lets say the tenant pays £1000 a month, you charged 3% and the tenant was 1 week late with paying the rent.

I'm afraid you're only look at around £0.58 for your efforts.

=IPMT((3%/365)*7,1,1,-1000)

Emanef

G_M wrote: »

Why give her erroneous advice?

Either just give her my link and let her work it out, or read it yourself and then give her correct advice.

If she gave two months notice and the tenant accepted it, she wouldn't need to get a court to grant possession would she, only if they don't want to go.

I've just said the two weeks notice isn't enforceable, she should plan to give them two months when she does but there's a legal process she needs to follow, here's the link. That's sufficient advice, isn't it?