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I have agreed a let to a foreign student. She has a six month contract with a local company. I have met the MD who inspected the room and was happy with the standard of accommodation. The student has been recruited for the job via a UK based student placement company. The placement company have asked me to make the contract out in their name and they will sign it on behalf of the student and they will also be making the payments. Incidentally the MD was not amused when he found out they were adding a significant mark up to the rent they were charging him.
My instinct is that I would prefer the contract to be between me and the tenant. If she misbehaves and I want her out, I need to have a contract with her ? Also there is the question of the deposit and any subsequent claim I may wish to make at the end of the tenancy. Would an extra clause in the AST be required to spell out the tenant's obligations notwithstanding the main contract between me and the student placement company?
Any advice would be appreciated.
If you let to a limited company you can't have an AST. This may, or may not, suit yours and the company's requirements. Read below:
I'd want eviction under my control, not through some company. Nope, I would want AST with occupant as named tenant, ideally with a credit-checked company director as guarantor.
Given the 'willingness' of the Company, grant AST to student and take a Director of the company as Personal Guarantor. - That way, if student decamps back overseas owing you money, Guarantor is liable.
Very simple - take out a AST with the tenant .You could ask the company for a g\tee or what is easier ask for three or six months rent up front.Even may offer small discount for this. With AST you control the situation and would suggest its easier to enforce eviction for non payment against the individual than trying to with a company what ever agreement you put in place.Just use the excuse with the MD that due to legal reasons its better for you to have AST in tenants name rather than company . I expect he will understand as he seems to be a reasonable type. Nothing asked nothing gained.
Well it won’t be an AST if it is with the company. You will still be able to evict though but you need to specify that the company is liable for the behaviour of the occupier