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  • Buy-to-Let

    Ways to extend AST without refunding deposit

    Hi,

    I have a couple of tenancy agreements coming to end in the coming months.

    I guess if I draw up a new AST, I need to refund 1 weeks deposit and in one case I had charged pet deposit as well.

    Is there a way to extend the tenancy? without having to draw up a new one what would trigger a new deposit to be lodged, and such refunding anything over 5 weeks charged?

    Also, in one case I would like to raise rent, but in the other case I dont, just want to fix for one more year.

    Thanks much!

    Pete

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    For the one you want to raise rent on you could just let them rollover and become periodic tenancies. You can still increase the rent (at market value) so long as you give them one month's written notice.

    I don't think there is a way of ensuring another year on the other let without a new AST.

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    Just an anonymous opinion on the Internet.

    If nothing has changed in the terms of the contract and they need a fixed term then give them a renewal which basically just says all the same terms as original tenancy are in place.

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    Thanks,
    Would this work if I increased the rent in the same time?

    Or any solution if I wanted to increase the rent? This AST expires in a bit over a month, could I just have them sign something that the previous ast is in place, except tent is now x much?

    Thanks!
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    Whats wrong with just letting the tenancies “roll over”, depending on which deposit protection scheme you use you may need to give tenant a copy of an amended certificate, if you wish to increase rent then use a section 13 notice. As ever make sure your paperwork is in order and served in a timely manner.
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