Complicated rent in advance AST written by agent?Make Text Bigger
My agent created following clause in the AST where one of the tenant pays some rent in advance and other one monthly:
1.10 Rent : £400.00 exclusive of Water Rates and other Utilities (subject nevertheless as hereinafter provided for) per calendar month of the Term
Payable: in advance by standing order or bank transfer due on 17th of each month without any deductions whatsoever namely £400.00.
Payable: 6 months in advance the sum of £4800.00 due on or before 17th August 2015 without any deductions whatsoever.
A second installment of 3 months in advance of £2400.00 will be due on or before 17th December 2015 without any deductions whatsoever
The rent agreed between me and my tenants is £1200 pcm. Why does the AST state that rent is only £400 a month?
Do I need to challenge this with them?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.