klh Posted May 13, 2006 Report Share Posted May 13, 2006 I have been approached by a gentleman with young daughter and lodger currently living with him, he has recently sold his house and would like to rent my property for a period of 8 weeks until his new property is ready for him. Could anyone advise me on this please. Link to comment Share on other sites More sharing options...
Melboy Posted May 15, 2006 Report Share Posted May 15, 2006 I would only do this if I was desperate! You are not covered legally under current Tenancy/Landlord Agreements for periods of 2 Months. A larger deposit and Monthly Rent charge will be necessary to cover increases in possibly additional cleaning etc after such a short let period. Personally I wouldn't do it preferring to wait until I had someone renting my property for a minimum of 6 Months with all the legal docs. in place etc. When renting out your property you should cover all angles and avoid the pitfalls. Plenty of Landlords can tell you of their horror stories...... you just have to make sure it doesn't happen to you. Link to comment Share on other sites More sharing options...
Mr. Green Posted May 15, 2006 Report Share Posted May 15, 2006 This would be an assured shorthold tenancy (unless you make it something else specifically), but no matter what period you agree to you will not be able to take legal action to recover possession within the first 6 months (except for breaches of contract). So there you go, 2 contradicting posts leaving you none the wiser isn't the internet wonderful. Link to comment Share on other sites More sharing options...
Trenners Posted May 15, 2006 Report Share Posted May 15, 2006 Hi, I like to let my properties out on "short term lets" because I can charge a premium rent (ie: I charge them more rent per month for a shorter contract) thereby improving my rental yield and, also, I have a semi-captive audience (as letting agents will not typically create agreements for less than 6 months). Finally, tenants looking for short term lets are nearly always able to pay the full rent (for the entire period) and the security deposit UP FRONT. So my advice is a) charge a premium rent, try and get a 3 or 4 month agreement (rather than a 2 month agreement) and c) TAKE THEIR MONEY ! Hope that helps .... Mark Link to comment Share on other sites More sharing options...
klh Posted May 16, 2006 Author Report Share Posted May 16, 2006 Thank you for all replies, we've agreed on a 3 month let and yes he has paid in front. Many thanks again Link to comment Share on other sites More sharing options...
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