15:05 PM, 24th March 2020, About 4 years ago 19
We want to help our tenants in difficulty by giving them initially, a 3-month deferment of their rent. Not a gift or free ride – just no rent to be paid for 3 months, but then (assuming/hoping) things get back to normal, they make up the arrears along with their normal monthly rent payment.
My concerns are:
• The rent is £1500 per month so after a 3-month deferment they will owe £4500
• After these 3 months there will only be 4 months left of their tenancy agreement so how can I ensure that they don’t just disappear at the end, having only paid some or even none of the arrears?
• Is there an enforceable agreement available somewhere which I can use and that says they promise to pay back the arrears in return for being given a 3-month rent deferment?
• If it came to it, can I ask for their deposit to be released to me to help cover the arrears? It would be counter-logical for me to be owed rent while they get their deposit back and disappear
Previous ArticleEmpty Property, empty rental income and still face costs?
Next ArticleCovid-19 possession update