8:46 AM, 4th July 2019, About 3 years ago 8
We have been in the student lettings business for a number of years. With the changes that have recently come in with regard to fees etc. we would now like to update our tenancy agreement to include the guarantor agreement. We have been advised by the NLA that the guarantors should always sign first before the tenancy is signed by the tenants?
Plus we would like a novation agreement for the occasions when one tenant drops out and finds a replacement. If we do a new replacement tenancy, we then have to redo the guarantor agreements for everyone else listed on the joint tenancy and re-register the deposit. Now we can no longer charge fees for this, the time spent redoing the agreements will make it far too long to be worthwhile however we do not want to penalise student tenants who have genuine reasons for moving away and have found their own replacement.
Can anyone recommend a solicitor/barrister? We already have agreements (except for the novation agreement) and would like them updated to make sure we are complying to the letter of the law and so the guarantor agreements are water-tight should we have to go to court to recover rent.
Thank you for reading this and look forward to any replies.
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