OPINIONS PLEASE FOLKS ON LENGTH OF CONTRACTS

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M
Member
409 Posts
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JUST LOOKING AT THE WRITE UP FROM BELVOIRLETTINGS WHICH IS IN THE LATEST RLA MAG. ONE OF THE TOP TIPS IS TYING IN A TENANT TO A 12MONTH CONTRACT. NOW WHEN I FIRST STARTED OUT IN THE RENTAL BUSINESS I WOULD OF SAID THAT TOO BUT A WHILE DOWN THE LINE I AM NOT SO SURE THAT IS WISE. TENANT MAY BE FAB FOR THE FIRST 6MONTHS AND YOU THEN GIVE A 12MONTH CONTRACT AND THEY START THE NON PAYMENT GAME AND IT CAN TAKE A WHILE TO MOVE THEM OUT.TO BE HONEST I HAVE ALSO HAD TENANTS LEAVE IN MIDDLE OF CONTRACT TOO SO YOU DONT REALLY TIE THEM DOWN.NOW I JUST GIVE 6MONTHS CONTRACT AND THATS IT.
I WOULD VALUE OTHER OPINIONS ON THIS SUBJECT. LOTS OF THANKS IN ADVANCE. JAN.
13/11/2008 00:00

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