- Always Follow The Golden Rules of Letting a Home
- EPC Required Before Marketing
- Gas Safety Record Required Before Occupation
- Electrical Checks
- Advertise your Property
- Suggested Forms Required
- Initial Viewing with the Prospective Tenant
- Tenant Wishes to Proceed
- Can the Tenancy be Assured Shorthold?
- Reference Checking
- Length of Fixed Term
- Providing A Rent Book
- Joint Tenancy Or Many Individual Tenancies?
- Completing the Tenancy Agreement
- Completing The Guarantee Agreement
- Check Smoke And Carbon Monoxide Alarms – England Only
- Protect the Deposit and Notify Utilities
- What Happens at the End of a Fixed Term – To Renew or Not To Renew
- Checklist of what to do at the end of the tenancy
Joint tenancy or individual tenancies?
It is very much a personal choice as to whether a landlord grants a single joint tenancy or multiple tenancies on a per room basis and most landlords have their own preferences. Below is some summarised pros and cons.
Single Joint Tenancy – Advantages
If one tenant leaves university during the term, the council tax exemption for students can be a problem. With a joint tenancy, the tenants will be jointly responsible for the council tax (assuming it is in the tenancy agreement), so it is not of concern to a landlord.
If one tenant fails to pay the rent, the others must make up the difference.
The deposit will be treated as one deposit which means less paperwork and fewer deposits to register.
Because the whole house becomes the demise, there are few common parts problems (see multiple tenancies below) and the tenants will always be under a duty to notify for repairs.
Single Joint Tenancy – Disadvantages
If one tenant is noisy, messy and fails to pay the rent, when instigating possession proceedings by service of notices etc a landlord must serve notice on ... Please login or signup to continue reading this content