when is best to let a property?

london-dog

-issue resolved-

theartfullodger

london-dog wrote: »

Hi all

I have a decent-sized 3-bed house in SE London - coming vacant at the end of May. However tenant wants a couple of months' extra time and would rather vacate end of July......

"coming vacant" eh?? so has tenant or landlord served any notices?? Has a court granted a possession order?? Otherwise, what makes you think it is "coming vacant" and why, please?

G_M

This does not make sense:

london-dog wrote: »

Hi all

I have a decent-sized 3-bed house in SE London - coming vacant at the end of May. However tenant wants a couple of months' extra time and would rather vacate end of July.

LD

So when will the tenant be leaving?
Who is serving notice on who?
How?
When?

* Ending/renewing an AST: what happens when a fixed term ends? How can a LL or tenant end a tenancy? What is a periodic tenancy?

london-dog

Sorry I should have clarified: the current 12-month AST ends at the end of May and the agent was about to serve notice so that the tenancy ends then!

Ta

fairy_lights

Even if the agent serves notice now, haven't they missed the boat for ending the tenancy by the end of may? That's less than two months away now...

Pixie5740

london-dog wrote: »

Sorry I should have clarified: the current 12-month AST ends at the end of May and the agent was about to serve notice so that the tenancy ends then!

Ta

:rotfl:

No that's not when the tenancy ends! Read the link G_M has kindly provided you with.

london-dog

Eh? The tenancy ends at the end of the fixed term - however landlord or agent has to issue a section 21 giving 2 month's notice, but the tenant doesn't have to give any notice, they can just leave on the last day without prior notice

fairy_lights

london-dog wrote: »

Eh? The tenancy ends at the end of the fixed term - however landlord or agent has to issue a section 21 giving 2 month's notice, but the tenant doesn't have to give any notice, they can just leave on the last day without prior notice

Except your tenant hasn't expressed a wish to leave, and you/the agent haven't served notice, so the tenancy won't end at the end of May. (Unless the tenant changes their mind).

Pixie5740

The tenancy only ends at the end of the fixed term if the tenant leaves and it doesn't sound if your tenant will be leaving then.

A tenancy can only be ended by the tenant or a court. A Section 21 is just a notice that the LL is seeking possession of the property it doesn't actually end the tenancy.

Li0nhead

Quizzical_Squirrel wrote: »

In my area, rentals are gone or dramatically cut in rates in September when the schools start and all the parents are settled in. The demand is over.

You want to get someone in over the school summer holidays and I'm no expert but I think you'll still be ok at the end of July. Do not let them extend to the end of August if you can possibly avoid it.

Makes sense, as in September people will also start thinking: I will get Christmas out of the way and move in the New year too.

LEJC

In my experience a good property can be let with minimum problem any time of the year.


I have 3 properties which all let well thoughout the year....one is more geared to the family market and because of its positioning is better suited to being let prior to september when schools/local hospitals etc have an intake previous tenants have always moved in over the summer months....but having said that it has recently re rented out in Feb to the first viewers.