Self managing a previously managed property (pt2)

You are here : Member Forums Letting Agents Self managing a previously managed property (pt2)
This topic has been locked as no posts have been made within the last 90 days.
22 Posts
1 Thanks

I'm about to take control of a property that was once managed by my lettings agent.

The existing tenants have verbally confirmed they will be staying there for another year.

I've taken the lettings course, and I understand I will need to

A- Protect/transfer the deposit and issue details of such
B- Issue a S48
C- Provide the EPC/Gas Safety Certificate/How to rent Checklist

1)Since the same tenants would be staying there, do I need to go through any referencing procedures?

2) Should I use a new tenancy agreement, or simply issue a section 48 notice and retain my old lettings agent one? I understand that by not issuing a new agreement, it continues as a periodic lease and thereby the tenants can simply leave the property with one months notice, whereby with a new AST for a year, I'd at least have guaranteed presence for the year. I'd prefer the stability of a years tenancy and I suspect the tenants do too, so is that best?

3) In registering a new deposit, would I need every tenants name on it, or just one?

4) If my existing tenancy expires, lets say, march 5th, when would I issue and sign a new tenancy agreement and all of the above documents for? Could I issue them in February with a notice saying "commencing March 6th?"

it's worth noting my lettings agents are still managing the property till march.

This member has been thanked by 1 member for this post.
24/01/2018 12:56

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Ideal Flatmate
Elfin Kitchens
Landlord Broadband
John Pye Auctions

Share this page