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  • Student Accommodation

    New to student letting

    Could anybody help, I have a property I am thinking of letting to students it's 4 bed but I'm thinking of using the lounge as a 5th bedroom it's only 1 storey so will a mandatory licence be required for this. ?

    Also who is responsible for council tax when you let to individual students, or is it betree to get them all on one agreement?
    I am already a standard landlord and I am just looking into the potential of student lettings. Any advice appretiated
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    Stephen Coles Dip RLPM

    Complete Property Management

    32 Lune Grove

    Blackpool

    FY1 5LE

    01253 291816

    07967 561210

    (01-08-2015 02:44 PM)cpmblackpool Wrote:  Also who is responsible for council tax when you let to individual students, or is it betree to get them all on one agreement?

    Full time students are exempted from having to pay council tax. If you have just one working adult in the place, he/she/you will end up getting slapped with a bill, maybe for the full amount owing on the property, maybe for a portion of the full amount, it depends on how your local authority likes to do things.

    If you can pursuade four students to sign an agreement that makes them jointly and severally responsible for the rent, it's better for you as a landlord because it means they'll end up policing one another when it comes to sticking with the terms of the agreement. If any one of them decides to move out before the term is up, the others will be required to keep on paying his/her share of the rent until they're able to find a replacement. When they do find a replacement, you'll need to have both the new tenant and the original ones sign a new tenancy agreement. Whether its ok to turn away tenants who prefer to sign separate contracts will depend on how tight the market is in your area. Really, its a matter of what works best in each unique situation, I think.
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