11:38 AM, 11th August 2014, About 9 years ago 23
Since 2009 I have let a flat that was my mother’s through a letting agent. The agent is very inactive and I was thinking of closing that contract and managing it myself. I already arrange all repairs etc myself. There have been no rent increases since the tenant moved in and I’m contributing to a new roof this autumn, so avoiding agency fees will help with the loan for improvements – I was also thinking of a small rent increase.
The tenant has always paid his rent on time and keeps the flat in good condition (less good at gardening!) and talks to me fairly often. As he travels for his (creative and fairly low-paid) self-employed business he’s asked if he can sub-let one of the bedrooms to help him with the rent.
I appreciate I may have to pay an introduction fee to the agent to release myself from their contract, but I’m not sure about the sub-letting.
The tenant is concerned that a joint tenancy would make his position more insecure and has asked to sub-let.
Is there any advice on this please?