Long term tenancy agreement - thoughts?

Long term tenancy agreement – thoughts?

Pic of carpet fitter at work and landlord asking about long term tenancy property118
Readers Question by Readers Question
9:27 AM, 7th August 2023, 3 years ago 22
Categories:
Landlord NewsLandlords QuestionsLettings & Management

Hi, According to my agent, my tenants have said they would like to re-carpet throughout at their expense which they say would cost them about £2,500.

In view of the expense, they have asked for a guarantee of a long term agreement, although they have not specified a period.

At the moment I have no plans to sell but circumstances can change quickly eg. health.

Have any readers had any experience of this? I’m grateful for any thoughts?

Thanks.

Adrian

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Tags: Advice for UK Landlords, Assured Shorthold Tenancy, tenants wanting to stay long term

Comments

  • SteveFowkes SteveFowkes

    Member Since February 2021 - Comments: 106

    2:44 PM, 12th August 2023, About 3 years ago

    Never ever do a long term AST
    As a, LL you never know what’s round the corner!

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  • SteveFowkes SteveFowkes

    Member Since February 2021 - Comments: 106

    3:03 PM, 12th August 2023, About 3 years ago

    Reply to the comment left by Smiffy at 07/08/2023 – 14:42
    I’ve seen LLs almost in tears on FB because they’ve undertaken a long term AST only for Thier circumstances to change and needing the property back

    But personally I would never ever do more than a6 month AST – YMMV

    Report Comment Reply
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