CH1 Posted May 2, 2009 Report Share Posted May 2, 2009 I have a tenant on a 6 Month AST that is about to expire who wants to renew for a further 6 months. Do I issue a new 6 months contract AST? or keep it on a periodic? my question is more to do with the deposit I have taken on the current AST thats about to expire that's held in the DPS. If I were to issue a new AST can the old deposit be transferred over? thanks Link to comment Share on other sites More sharing options...
Mortitia Posted May 4, 2009 Report Share Posted May 4, 2009 HI again CH1, Whether you go periodic is up to you. Until I am totally sure ( well sure as you can be!) of a tenant I don't. I issue 2 copies of a one page 'Addendum to the Agreement' saying that we both agree to the terms of the AST for another 6 months and put in the dates. Both sign and leave one with tenant. I got this idea off a big London letting agent a few years back. Either way unless I were to change the deposit holder I would not go there. I always put a note on the AST saying that a deposit of £XXX is held under ID ??? with the DPS. This puts the tenant's mind at rest as to what happend to their deposit - which is the thing they worry about most I find. Regards, Mortitia Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.