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

Share This Article
Tags: Advice for UK Landlords, Assured Shorthold Tenancy, tenants wanting to stay long term
  • 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!

    Report Comment Reply
  • 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
1 2 3

Previous Article

House prices continue on a downward slide

Next Article

How can I get my EPC from E to C?

Related Articles