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Change of tenancy agreement - Transferring deposits
Comments
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They are making a dogs dinner of this.
* existing tenancy ends on 18th. They should go through standard end of tenancy process with the 3 current tenants
* new tenancy starts on 19th. They should go through standard set-up process with new tenants.
The old and new tenants have no legal relationship and should not be handing money to each other!
And if the 'outgoing' tenant is staying till 18th, why on earth should he be getting his deposit back before then anyway? From you OR from the landlord?0 -
Can't you become a lodger of the current Tenant(s), then its clean without all this change/new tenancy legalese.
* you pay them a deposit and are liable to them for the damage from your move in date only.. they can then pass any damage costs from you and them on to the owner/top landlord
* If your rent doesn't exceed £7500per year, there's no double tax issues.
* You would have less security of tenure there, but equally less obligation to stay as they are still strangers -> avoid this same hassle in case you need to move out mid term.
Many ASTs prohibit subletting but as (some of) the Tenants would remain and you'd be a lodger, I'm genuinely not sure if the Landlord can stop this..0
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