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  • Buy-to-Let

    Changing rent payment date

    Hi, I have a new tenant moving in this weekend (13th Jan).  She is paid at the end of the month and wants to pay from the 13th to the 28th initially and then pay monthly in advance from the 28th.  
    Her refs/credit checks all came back fine and she is in permanent long term employment so in theory I don't have an issue with this.  She has already paid her deposit in full, I just think she is concerned about finding a full months rent 2 weeks before pay day and having not yet got her previous deposit paid back.

    I'm just a bit worried there might be implications for the payment terms or notice terms if the first payment isn't a full month.  What are other members thoughts?

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    Hi Sue

    This is not unusual. We've done it several times to help a tenant's financial situation. It needs to be documented. An email would suffice. It doesn't affect the notice period stipulated in your AST.

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    Sue

    Forgot to say, if you're concerned about possible repurcussions from not taking a full first months deposit, then you could either negotiate a month and a bit up front or pay first month as normal, then do payment date change in second month.

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    Thank you Pete, that's reassuring to know.

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    I'd be slightly worried that her cash situation is that tight, but she's been honest and sounds legit.

    Probably one where you need to go on your gut feeling I think.

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    I thought that too but she is only a few years out of uni - been in steady employment since - and tbh at that age my own cash situation was tight. But I never missed a rent payment so it feels a bit unfair to judge her differently.

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    Yeah, I think your instincts are right.

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    Just to add, as you said she's got clean credit and steady employment, have you thought of taking out RGI as she should qualify?

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    Yes, I referenced her through Openrent and she does qualify - excellent idea thank you!


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    Quite common but IMHO don't document the change: Leave contractual due date for rent the same, or tenant will get confused about when the tenancy period ends & s8's will be tricky & open to challenge in court over rent arrears. 


    Others will hold alternative views...

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    Thanks, that's a good point about when the tenancy ends, I hadn't thought about that.  Not as straightforward as it seems...

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