Corporate letting
General Discussion

Busy Landlord
Busy Landlord
1 Thanks
77 Posts
3 months ago

Hello all

I have a flat up for rent and an agent offered a 2 year corporate letting contract from 15th July (the company pays the rent). All sounds good however 2 points are unclear:

  1. The names of the tenants are not confirmed and will only be provided at the end of July. Do they not need to the property before moving in? It is likely that they will be living there temporarily but still I would want to see it if I were them.
  2. The agency prefers to keep the deposit, I told them I usually hold it and register with TDS. They said that the company wants the agent to hold it. Why would the company care as long as the deposit is registered?

And another point, the management company says we have to notify them of a new tenant prior to signing a contract. The said that there is a covenant that a tenant needs to sign once they moved in and the management company has to give us a consent to let the property. Is this a common requirement?

TIA for your comments/views!

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