Long term tenancy agreement – thoughts?

Long term tenancy agreement – thoughts?

9:27 AM, 7th August 2023, About 9 months ago 22

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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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Comments

SteveFowkes

14:44 PM, 12th August 2023, About 9 months ago

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

SteveFowkes

15:03 PM, 12th August 2023, About 9 months 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

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