Both of your tenants must sign both, as they are thus “jointly and severally liable”, which gives you better rights if you have to collect a debt. I would be reluctant to change what has been around for a while and has worked well for you, but if you`re happy to sign only one of you as an owner, I don`t see it making much difference to anything. The main thing is that both tenants sign. However, remember that if the rental agreement now goes to the name of a landlord, you need to make sure that he or she is the one signing official communications, etc. If you do, be very clear with the tenants to contact if necessary. What are the pros and cons of including him in the lease, and would your answer be different if he was studying full-time and living partly at home and partly at university? Yes, prepare new leases – I would have preferred them to be concluded when the agreement changed. All new tenants must receive individual invoices in their own name, so you may need to install new meters. Then, if a tenant leaves a debt, they will be sued by the energy companies – as things stand, you could end up with a debt and little chance of recovery since the bills are in your name. However, never sign an agreement for such a long period of time when it is likely that you will not settle down. You must have changed jobs a few days after you moved and you`d better wait until you knew where you were going to work. Your rental of the aforementioned property expires on ….. I will not renew your tenancy and will therefore ask you to accept this letter as notice of possession request.
Before the tenants moved in, I received a letter from one of the tenants saying that she would not return to university and therefore would not receive her student loan. Therefore, she would not be able to pay her share of the rental. I do not see a problem as such. Everyone would have a lease that would probably charge them half the rent each. If they had a flatshare and one of them moved, the other would be responsible for the entire rent, as they would be “jointly and severally liable”. If you move with a single lease, you will still only be responsible for half the rent. However, have you thought about how you would get another tenant if one of them left their premises? The remaining tenant can make it difficult to rent to someone else. Discuss it with both of you, in their entirety. I have a guaranteed short-term rental for a fixed period of 12 months. There is a termination clause under the six-month tenant section that I think applies to both the landlord and the tenant. But now we want to resign so that we can sell the property, the tenant, who is a lawyer, says we cannot do it because the pause clause only applies to him.
We have put our rented property up for sale – our tenants are aware of this and have not complained as we have verbally assured them that we will give them at least one month`s notice as soon as we have a buyer. The six-month rental expires at the end of September. How can we document this? A legal periodic lease exists when a fixed-term short-term lease ends and there is no new contract. .