Is there a protected tenancy under the Rent Act 1977?
Is there a protected tenancy under the Rent Act 1977?
The only circumstances where this is not the case is where the tenant has a protected tenancy under the Rent Act 1977. But no Rent Act protected tenancies have been (or can be) created since January 1989, so this is not going to happen with a more recent tenancy.
How many prior residences do you need to be a tenant?
If a tenant just graduated college, then they may have four prior residences, each for just one year. All things being equal, you’d typically prefer tenants that are more likely to stay multiple years. Just think about the headache you went through to get this one tenant.
What happens on the last day of a fixed term tenancy?
The situation is different if the tenants remain living at the property. Although, save where there is a contractual periodic tenancy set up (see below on this), the tenancy will still end at midnight on the last day of the fixed term.
Is it better to let a tenancy run on periodic basis?
Plus, they give landlords an opportunity to increase the rent. Sometimes, however, such as if either the landlord or the tenant are uncertain of their plans, it may be better to let the tenancy run on as a periodic, as this is more flexible.
If a tenant just graduated college, then they may have four prior residences, each for just one year. All things being equal, you’d typically prefer tenants that are more likely to stay multiple years. Just think about the headache you went through to get this one tenant.
What happens when a tenant goes to jail?
When a tenant goes to jail, their landlord ends up in a sticky situation. Many landlords make the mistake of promptly changing the locks on the unit and clearing out the tenant’s belongings. However, just because your tenant goes to jail doesn’t mean the rental agreement goes away.
When do you get your first month’s rent from a tenant?
The first payments you receive from a tenant should actually be well before the tenant ever moves in. First month’s rent should always be taken at the same time — or within a couple days — of the lease being signed. And the lease should be signed well in advance of the move-in date.
What makes a tenant a problem for a landlord?
Hoarding, unauthorized roommates, late (or no) rent payments, illegal activities — tenant issues come in all shapes, sizes and levels of severity. Even with the most rigorous tenant screening process and property rules in place, if you are a landlord or property manager, you are going to deal with a problem tenant at some point during your career.