tenets in situ no deposits paid
Hi, all we are in the process of buying BTL via our Ltd company. However the tenets whom rent the rooms have paid no deposits and pay rent when due in cash to the current landlord. ASTs have been completed for room lets for 6 months for each fo the four rooms.
Howe do we seek a deposit from each tenet and get them to pay via BACs. Can we do this prior to completion as we do not want any issues once we have exchanged and completed. We have asked our solicitors to advise, however they seem next to useless on this matter.
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