9:25 AM, 15th July 2013, About 10 years ago 18
How should I document the arrival of new tenant?
I let a 3 bedroom property to 3 professionals last year on a one year AST. Although all 3 were named as tenants on the AST it transpired that their company paid for all their bills including their rent.
The AST term expired earlier this month and I was asked just before then if I would mind going onto a month-to-month arrangement as the company were reviewing the project and the resource status, but they would stay in the property until least the end of August. They have been model tenants and the rent has been paid on time so no cause for concern from me and I agreed to the monthly arrangement.
I recently received an email from the employer informing me that one of the named tenants was leaving the project and would be replaced by another employee in the property.
Given that the tenants have gone from an AST to Statutory Periodic and one of the named tenants has left and been replaced by someone else, how do I capture and document this change of tenant?
Even though it may only be for a couple of months can anybody advise what the right admin process is to recognise the new tenant in the context of what is now a Statutory Periodic tenancy? The other two tenants on the original AST are still in residence.
Many thanks in advance.
Previous ArticleTPO report on impact of Consumer Protection Regulations on Agents
Next ArticleRightmove doubles 2013 forecast for house prices