Help! I can’t find a suitable short let tenancy agreement.

Help! I can’t find a suitable short let tenancy agreement.

8:09 AM, 29th June 2018, About 6 years ago 40

Text Size

I am hoping to let my property for 2 months while it is on the market to sell. Bills will be included but it will not be furnished. I know that you can use an AST for shorter than 6 months but this does not protect me against a tenant wanting to stay on and not pay if under 6 months, which would among other things, jeopardise the sale.

I have found a tenant who wants to rent, but cannot find a suitable short let agreement to cover this sort of situation. It is not a holiday let as he lives around the corner and is having work done on his house. It isn’t airbnb. What is it called and can anyone point me in the direction of a suitable template that will protect us both for this 2 month tenancy.

Thank you.
O Green


Share This Article


Comments

Rob Crawford

13:27 PM, 29th June 2018, About 6 years ago

The risk is all yours! So many well intended tenancies with old friends go so wrong. If you feel you need the protection of a non-existent two month agreement then you must have some doubts so, STOP now! You will be the one that suffers. The sale of the property is your primary concern and any purchaser's solicitor will advise against proceeding with a tenant in place on such an arrangement. As advised above, it's just not worth the risk!!

O Green

13:58 PM, 29th June 2018, About 6 years ago

Reply to the comment left by Rob Crawford at 29/06/2018 - 13:27
Thanks for your advice Rob. It wasn't so much that I felt that I needed protection, I just thought it best to have an agreement and didn't imagine that there would be such a void. I agree that a solicitor will have concerns if the agreement doesn't actually provide the protection required for the purchasers security.
Does anyone know if airbnb would cause the same difficulties?

Luke P

14:03 PM, 29th June 2018, About 6 years ago

Reply to the comment left by O Green at 29/06/2018 - 13:58
Was this previously your main residence?

Luke P

14:04 PM, 29th June 2018, About 6 years ago

Reply to the comment left by O Green at 29/06/2018 - 13:58
Will you be insuring as a BTL or Just chancing it? Permission to let?

O Green

14:04 PM, 29th June 2018, About 6 years ago

Reply to the comment left by Luke P at 29/06/2018 - 14:03
Yes.

O Green

14:06 PM, 29th June 2018, About 6 years ago

Reply to the comment left by Luke P at 29/06/2018 - 14:04
It has been let with an AST since July 2011 and I was planning to continue insuring it as a BTL.

Londoner 43

14:28 PM, 29th June 2018, About 6 years ago

Reply to the comment left by O Green at 29/06/2018 - 12:18
In London, there are people who need short lets, perhaps because they come here to work for a short period. My first tenants waited to moved to their new property, but the completion was delayed. The other two tenancies were company lets for employees who needed short-term accommodation. In London, some boroughs do not allow Short Let tenancies. Unfortunately the agents do not always do their job properly. I had to book and pay for checking in and checking out (with the company I had used for 12 years). It was the inventory clerk that found my flat in a total mess, although the tenants had agreed to have it cleaned. Usually a deposit of at least one's month's rent is paid, so the agent deducted the cost of professional cleaning from the deposit.

O Green

15:46 PM, 29th June 2018, About 6 years ago

Reply to the comment left by Luke P at 29/06/2018 - 14:03
Hi Luke P, why do you ask if this was previously my main residence?

Luke P

20:43 PM, 29th June 2018, About 6 years ago

Reply to the comment left by O Green at 29/06/2018 - 15:46
If so, you wouldn’t likely have permission/insurance/smoke alarms/EPC/electrical safety cert/GSC etc.

And to fathom why you ended up in this position. Then there’s tax due to HMRC…

O Green

22:01 PM, 29th June 2018, About 6 years ago

Reply to the comment left by Luke P at 29/06/2018 - 20:43
I have all the above as I have rented the house to for over 7 years and have an HMO licence etc. I haven't until now wanted to rent on a short let basis and therefore had no idea that there was no protection for landlords for a short lets.
I've 'ended up in this position' because I wanted to sell and the market is stagnant. Thankfully it has been rented until now while being on the market. Perhaps it isn't worth the hassle. Thanks.

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now