Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
My property has 4 students. One is dropping out of Uni. In the AST, he’s allowed to find a replacement provided the other 3 students approve the choice and I agree.
However, what are the practicalities? What’s the best way to deal with the deposit? I intend to claim deductions from the person leaving as he leaves a bike in the hall (despite being asked not to), he’s not up to date with his rent, etc. I assume that if the student leaving is assigning, he is still responsible for the rent; can I insist that the newcomer pays me directly?
Finally, do I need new paperwork?
Thanks for any help.
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