Final rent payment, how much?

sheepy21

need_an_answer wrote: »

How formal is your agreement with Grandad?

Did he take a deposit etc?

Tenancy agreement?

Things have been pretty relaxed, there was no deposit. We had a contract but it's long become lost, we never thought we'd move out so until it hasn't been an issue. We've upheld our end of the agreement and spent thousands on improvements whilst he has broken the agreement in various ways, but we've let it slide for the sake of family

need_an_answer

Given that there doesn't seem to be formality to it all,I'd suggest you pay enough rent to keep relations cordial with the family.


If it were me I'd probably divide the annual rental payment up into a daily rate and pay that from the date you last made a payment till the day you wish to move out.


I doubt he's going to really challenge you that much over whether you pay a full rent or a partial rent or do you think he's out to squeeze every penny?

Has he said how much rent he expects?

I'm rather impressed that you are having a professional clean considering there's no deposit.


Always difficult when families are involved.

sheepy21

need_an_answer wrote: »

Given that there doesn't seem to be formality to it all,I'd suggest you pay enough rent to keep relations cordial with the family.


If it were me I'd probably divide the annual rental payment up into a daily rate and pay that from the date you last made a payment till the day you wish to move out.


I doubt he's going to really challenge you that much over whether you pay a full rent or a partial rent or do you think he's out to squeeze every penny?

Has he said how much rent he expects?

I'm rather impressed that you are having a professional clean considering there's no deposit.


Always difficult when families are involved.

Historically with money he's always been incredibly generous, so I very much doubt that he would want to squeeze every penny from us. I broke it down to a daily rate of £17.26 which from 1st August to 20th August would be £345.20, which is what we'd originally planned on paying but then I was worried we were doing it wrong that amount brings us to him having received one months notice and would give him three weeks to get it ready for new tenants.
Haha, thanks, we have a lot of stress (my son has disabilities) and cleaning the whole house on top of moving would be too much, so we'd rather just pay someone :rotfl:

InterestedParty2018

Families hey?
Assuming you don't have a formal tenancy agreement in place which specifically dictates the notice requirements for ending the tenancy, then it really is down to what is reasonable.

Some AST's state the notice period (1 week, 4 weeks, 8 weeks etc), others also state that the notice must expire on a certain day of the month etc).

If it was me.... and based on your dates above, I would give one months written notice on 20 July 2018, to expire on 20 August 2018. I would pay July as normal and in full, then calculate the day rate (as you have already done) for the 20 days in august.

When you physically move out will depend on you and your arrangements for moving/cleaning etc.

It will of course be kind to let him know when you will be gone, so that he can show the property and attempt to secure a tenant as quickly as he can after the 20th of August.

G_M

InterestedParty2018 wrote: »

Assuming you don't have a formal tenancy agreement in place which specifically dictates the notice requirements for ending the tenancy, then it really is down to what is reasonable.

Quite definately not!
If this is an AST (for the record lack of a written contract makes no difference to that), then notice is legally specified by Common Law.


If rent is paid monthly, then a full tenancy period's notice is required from tthe tenant (unless otherwise agreed). Not 4 weeks. Not a month. A tenancy period.


Some AST's state the notice period (1 week, 4 weeks, 8 weeks etc), others also state that the notice must expire on a certain day of the month etc). correct. And Contract Law over-rides Common Law.

If it was me.... and based on your dates above, I would give one months written notice on 20 July 2018, to expire on 20 August 2018.
weird! Why? That's 1 month + 1 day!



I would pay July as normal and in full, then calculate the day rate (as you have already done) for the 20 days in august.

* tenancy started on 21st May 2012,

* was given the first 10 days free,

*first rent went out on 1st June for the full amount of £525.

So the first 525 payment (on 1st June) covered 31 May to 30 June (which takes into acccount the 10 dyas rent-free from 21/5-30/5).


Note this does not alter the tenancy start date, or the tenancy periods, which remain 21 - 20th of each month.

So Notice served on /before 21st July will expire on 20th August.


Assuming 525 was then paid monthly on the 1st of the month, the 525 to be paid on 1st July would cover 1st July - 30th August, so you could deduct 10 days rent from the July payment.


525 x 12 months=£6300 / 365 days = £17.26 per day x 10 days = £172.60


(someone please check my maths here!)



Notice served on /before 21st July will expire on 20th August.

sheepy21

G_M wrote: »

So the first 525 payment (on 1st June) covered 31 May to 30 June (which takes into acccount the 10 dyas rent-free from 21/5-30/5).


Note this does not alter the tenancy start date, or the tenancy periods, which remain 21 - 20th of each month.

So Notice served on /before 21st July will expire on 20th August.


Assuming 525 was then paid monthly on the 1st of the month, the 525 to be paid on 1st July would cover 1st July - 30th August, so you could deduct 10 days rent from the July payment.


525 x 12 months=£6300 / 365 days = £17.26 per day x 10 days = £172.60


(someone please check my maths here!)



Notice served on /before 21st July will expire on 20th August.

Many thanks, you've reached the same conclusion as me, glad I haven't completely lost my marbles :beer:

dimbo61

Speak to your grandad
Explain you are buying your first home and hope to exchange, move at the end of the month.
You have lived in the property for 6 years and he may have plans to sell the place or full refurbishment.
Pick up the phone and talk to the Man !

G_M

dimbo61 wrote: »

Speak to your grandad
Explain you are buying your first home and hope to exchange, move at the end of the month.
You have lived in the property for 6 years and he may have plans to sell the place or full refurbishment.
Pick up the phone and talk to the Man !

Ah that's a much better plan than mine. But mine is the fall-back option.

sheepy21

dimbo61 wrote: »

Speak to your grandad
Explain you are buying your first home and hope to exchange, move at the end of the month.
You have lived in the property for 6 years and he may have plans to sell the place or full refurbishment.
Pick up the phone and talk to the Man !

As I've said previously he cannot know until we're days from moving as he will harass us and tbh I don't need it right now.
I know for a fact he won't be selling it and he 100% will not be doing it up, it's a bit of a dump but he's convinced it's perfect.
So no, I won't pick up the phone as I'll be open to abuse from him!

sheepy21

G_M wrote: »

Ah that's a much better plan than mine. But mine is the fall-back option.

Honestly, it's the only viable plan