Help with addendum for reducing rent

You are here : Member Forums Tenancy Types and Management Help with addendum for reducing rent
2 Posts
0 Thanks

Hello all,

Bit of background, i have negotiated a lower price on a property on the basis the vendor can remain as a tenant for 3 months at a reduced rent of £350.00. The going rate on the property would be around £750.00. I have been advised setting up a tenancy agreement with the amount of £350.00 could leave me open to problems if the tenant decides to stay etc. I've been told to issue a 6 month tenancy agreement with a break clause at the full £750.00 and include an addendum to reduce the rent to £350.00 for the first 3 months. This way if the tenant decided to stay longer than the initial 3 months the rent would be due at £750.00.

Does any one know a way of wording this correctly on a addendum so that it would be clear and correct?

Thank you in advance for any help,

09/11/2018 12:09

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.

Ideal Flatmate
Elfin Kitchens
Landlord Broadband
John Pye Auctions

Share this page