16:43 PM, 23rd September 2015, About 6 years ago 7
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?
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