Tennancy Agreement advice for Landlord please!

Jen2bjen

Hi,
We have a tenant who has signed a 12 assured shorthold tenancy agreement with an end date of 25th November 2019.

Sadly (for us!) they have bought a house and now want to go onto a rolling monthly agreement for the foreseeable until their house sale goes through. Fine by us.

Do I need to write up a new tenancy agreement stipulating a rolling contract? I have read online that the one we have may suffice but as it has an end date I wasn't sure? I have bought a tenancy agreement online so have one if I need one, but what would I put for the 'term'. Thanks in advance for any replies,
Jenny.

AdrianC

Why write anything up? An AST automatically goes onto a rolling SPT at the end of the fixed period.

Jen2bjen

I am clueless so just wanted that clarifying. So thank you

[Deleted User]

Jen2bjen wrote: »

I am clueless so just wanted that clarifying. So thank you

You're running a business so you really should have a clue about the very basics at least.

Read the sticky at the top of the board, Tenancies in Eng/Wales: Guides for Landlords and Tenants

PasturesNew

Just do nothing.
That's it.

Comms69

Jen2bjen wrote: »

I am clueless so just wanted that clarifying. So thank you

Then why are you running a business?

Jen2bjen

I knew someone would come on and say that.

We use an agency 'find a tenant service' for all new tenants so I know the tenancies are all above aboard. We rent out the house as couldn't sell it and had a baby so needed to move.My husband talked me into renting assuring me he would deal with all the tax/paperwork. He doesn't! It has been a steep learning curve for me and I am learning all the time. Sometimes forums like this are really helpful just for the reassurance I need as I don't want to !!!! this up as I know I am running a business and how serious it is.

Comms69

Jen2bjen wrote: »

I knew someone would come on and say that.

We use an agency 'find a tenant service' for all new tenants so I know the tenancies are all above aboard. - No you don't. There's no qualification to be an agent, they could be as clueless as you are. PLUS there's on going obligations. We rent out the house as couldn't sell it and had a baby so needed to move.My husband talked me into renting assuring me he would deal with all the tax/paperwork. He doesn't! - So you owe HMRC money??!! It has been a steep learning curve for me and I am learning all the time. Sometimes forums like this are really helpful just for the reassurance I need as I don't want to !!!! this up as I know I am running a business and how serious it is.

You realise that a mistake could cost you thousands? e.g. deposit protection

Jen2bjen

No I have sorted all the tax out. Another learning curve!

So what should I do regarding drawing up tenancies? Who should I use? Thanks.

G_M

Jen2bjen wrote: »

We use an agency 'find a tenant service' for all new tenants so I know the tenancies are all above aboard.
Not all agencies act as they should. be careful! Bottom line is if the agent fails to do something required, you are responsible!

We rent out the house as couldn't sell it and had a baby so needed to move.
Your motives are irrelevant. You really need to know what you are doing

My husband talked me into renting assuring me he would deal with all the tax/paperwork. He doesn't!
Even more reason to learn. Go on a course!

It has been a steep learning curve for me and I am learning all the time. Sometimes forums like this are really helpful just for the reassurance I need as I don't want to !!!! this up as I know I am running a business and how serious it is.

Join a Landlords Association and go on one of their courses.

If you are using the agents just for 'tenant find' it's even more important, since they may not perform all the required set-up activities, and ongoing legal obligations are yours.

Who protects the deposit? The agent? That may cause problems when the tenancy ends as you have no ongoing contract with the agent yet it's been protected in their name not yours. You? Are you sure you did it right, and in time, and sent the tenant the 'Prescribed Information'?

Now - as for your question, as others have said, you need do nothing. Read

* 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?


See also:

* New landlords (1):advice & information :see links in next post

* New landlords (2): Essential links for further information

* Letting agents: how should a landlord select or sack?


From here:

** Tenancies in Eng/Wales: Guides for landlords and tenants

Jen2bjen

The deposit is with TDC