10:29 AM, 30th June 2014, About 10 years ago 1
I have inherited a property which has a tenant who has been in there nearly 10 years now.
I know when the tenant first moved in the contract was made by a letting agent. The same letting agent still holds the deposit but my father chose to deal with the the tenant direct removing the agency costs.
Since I have taken over the property legally (i.e. land registry etc is now all in my name, and the agency have been made aware that I am now the contact for the property, but I’m not sure if I need to redo a contract between me and the tenant. Looking at the contract it looks like its only for the one year and doesn’t indicate that it is a rolling contract, therefore at the moment I’m not convinced there is a contract at all. If the tenant had a contract with my father, would it automatically transfer to me even if its not in writing?
Do you think it is advisable to just redo the contract and start a fresh with the tenant? I don’t want to scare him off into looking for an alternative property, especially as I would like to put the price up to meet current market rates (he has paid the same for at least 5 years!)
Your help would be much appreciated.