Reduction in rent procedure?Make Text Bigger
I have let a house to a couple who unfortunately had a fire in their own home, the rent at the time was £600.00 per month.
Their insurance company asked me to rent my house to them for six months, I refused saying that it was not worth it by the time I pay letting fees etc to my agent and then have a void till it re-lets. They then came back with another offer of £850.00 per month and I decided that this was worth it.
During a conversation with the new tenants I mentioned that I was thinking of selling the property in the near future at which point they said that they would like to buy it. We agreed that once their house was ready for them to move in and the insurance company stops paying the rent, they would put their house up for sale and I would reduce the rent to £600.00 per month until we exchange contracts on mine.
My question is because I change the rent do I have to re-protect the deposit and give them a new tenancy agreement along with all the other paraphernalia
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