BTL property sold with tenant

newsgroupmonkey_

Mr.Generous said:

MobileSaver said:

ReadySteadyPop said:

dinosaur66 said:

 way more tennants looking then there are propertys for rent .

I find that unlikely to be honest, job openings have dropped a lot recently I believe, many young people for example will just stay at home now.

Your problem has always been that you believe what you want to believe regardless of verifiable evidence to the contrary.

Last year average rents in the UK increased by 6%, this year rents have increased by 9%, if that doesn't indicate a shortage of rental properties then I really don't know what does.

At least when the property market crashes all these wise young people who stay at home will be ready to pounce on the bargains. We used to have a regular poster who knew this was about to happen, I just can't recall all Crashy's various user names that agreed with himself.

Yeah, that's Ready Steady Pop.
Keeps getting banned. Waits a month, creates a new username. Same MO. Starts off nicely, then gets worse and worse.

newsgroupmonkey_

BlueVeranda said:

theartfullodger said:

cidfenmaria said:

I understand when AST fixed term ends it would become a rolling contract but the EA says the tenant needs to leave unless we issue a new AST. This is not what my knowledge is that's why I am asking.Is there a kind of AST or any other terms that would achieve this?

I ....

No.  AST roll on. Thatcher (no, not fan) says so in her 1988 Housing Act.

EA is err.. incorrect.. I'd treat everything else they tell me with great suspicion if they got something as basic as this wrong...

Back when I rented, it wasn't uncommon for a letting agent to recommend issuing an AST every year, instead of lapsing to a rolling contract. Of course, they pocketed a fee for arranging this. I don't know if they were ill informed or just hoping that we were. Always best to verify the facts for oneself.

Estate Agents aren't allowed to charge tenants fees any more, but back in the day, they did this because they could scam both the tenant and the landlord a fee. I seem to remember ours were £85.

saajan_12

newsgroupmonkey_ said:

BlueVeranda said:

theartfullodger said:

cidfenmaria said:

I understand when AST fixed term ends it would become a rolling contract but the EA says the tenant needs to leave unless we issue a new AST. This is not what my knowledge is that's why I am asking.Is there a kind of AST or any other terms that would achieve this?

I ....

No.  AST roll on. Thatcher (no, not fan) says so in her 1988 Housing Act.

EA is err.. incorrect.. I'd treat everything else they tell me with great suspicion if they got something as basic as this wrong...

Back when I rented, it wasn't uncommon for a letting agent to recommend issuing an AST every year, instead of lapsing to a rolling contract. Of course, they pocketed a fee for arranging this. I don't know if they were ill informed or just hoping that we were. Always best to verify the facts for oneself.

Estate Agents aren't allowed to charge tenants fees any more, but back in the day, they did this because they could scam both the tenant and the landlord a fee. I seem to remember ours were £85.

Yup, now just the LL that gets stung directly for the fee, but 
- that probably encourages them to put up the rent, effectively passing it on to the tenant
- still could end up pushing an uninformed tenant into a new fixed term even if that's not what they actually want