Joint tenants who are renting individually in same property
Tax Planning and Financial

itsy bitsy
itsy bitsy
0 Thanks
14 Posts
16 years ago
just about to let a 2-bed flat to 2 individual tenants,who know each other and work together. Both have paid a deposit and have signed a pre-tenancy agreement which splits in half the security deposit and rent and have agreed a 6 month let.

I was thinking of issuing one AST, to be signed by both, -is that ok ?
Are there any formal words that I should add to the AST concerning what happens to the agreement should either tenant want to quit earlier or there is a need to terminate for another reason?

How do I show the rent on the joint AST if they are paying individually?

Do I lump the 2 security deposits together and register them with the DPS scheme as one?

Sorry , so many questions...And finally,
Any other things I should be considering?


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