
1 minute read
Coming to the end of a tenancy
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Approximately two months prior to a tenancy coming to the end of the initial fixed term we will contact you to discuss how you would like to proceed. The options are:
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➊ To renew for another fixed term; this would normally be 6 or 12 months. A new agreement will be drawn up to and there is a £60 fee for the administration of this.
➋ To continue the tenancy on a periodic basis; the tenancy will continue a monthly rolling basis until either the landlord of the tenant gives notice. There is no fee for this.
➌ To end the tenancy two months’ notice will be given to the tenant .
Depending on your thoughts and plans for the property we will then approach the tenant accordingly and agree a situation all parties are happy with.
If you or your tenant decide to end the tenancy we will first check whether you want us to start remarketing. Where let only, we would need a copy of the notice from your tenant.
An inventory clerk will be booked and will attend once the tenant has vacated and returned keys. They will complete the checkout using the original inventory as a bench mark and detail any wear and tear, dilapidations and damages, and who is liable for them. Once the report is complete we liaise with you to confirm release of the damage deposit. The deposit is then returned by TDS subject to any deductions agreed by both parties.
For fully managed properties we will be part of negotiations and handle any disputes. For let only arrangements this would be discussed between the landlord and tenant directly and we would only need to be advised about any deductions and the final decision in order to action the TDS repayment.
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Coming to the end of a tenancy
Carry out a valuation
Market the property
Conduct viewings
Relay feedback
Reference a tenant
Complete initial Right to Rent checks
Generate paperwork
Complete an inventory
Register the deposit
Limited access to the portal
Hand over keys to the new tenant
Collect + transfer monthly rent
Provide monthly statements
Full access to the portal
Follow up Right to Rent checks
Chase rental arrears
Liaise with the tenants regarding maintenance
Arrange repairs and maintenance with contractors
Pay contractors for works completed
Carry out routine inspections
Renew safety inspections
Liaise with council for external inspections
24/7 emergency contractors
Renewals
Check out
Return the deposit
Deposit dispute handling and mediation