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Pro's and cons of offering a long fixed term?

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  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    I didn't think you were having a go G_M. :happyhear
  • Nobbie1967
    Nobbie1967 Posts: 1,684 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Lots to think about, but looks like the long fixed term is probably not the best way forward for either me or the tenant. Think I'll have a sit down with them and explain my situation and then offer them a standard 6 month AST on the understanding that as long as they pay the rent on time and don't cause a nuisance that they can stay long term. It'll be interesting to see how long term they are thinking about.
  • thesaint
    thesaint Posts: 4,324 Forumite
    Part of the Furniture Combo Breaker
    Do not offer a 3 year fixed term.

    If they decide to leave after a year, do you really think you are going to get 2 years of rent payments from them?

    If they want security of tenure, they can buy their own property.
    Well life is harsh, hug me don't reject me.
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