Wickerman
08-02-2005, 09:48 AM
Bit of a long one, this! :(
I have a rental property that is let to 4 professionals.
One of the tenants joined the property, referred by one of the current tenants.
Less than a month after signing a six month AST for £216 per month (50/week) she is complaining that the rent is too high for the room size (its an average sized room that should easily rent for £50/week and the property is in superb condition).
She has threatened that unless we reduce the rent to £200 per month she will not pay the rent until we evict her.
I have no problem with doing this, however we are using the rental income to live off and really need the money coming in.
We are looking to back down and have written a letter to the lady to this effect, but have also informed her in the letter that we not be renewing her contract (I suspect that she may want to stay beyond this, to be with her friend) so it is a matter seeing who backs down.
My question (finally) is, if we do back down and have to change the rent, how do we do this? Do we write a letter laying down the new rental terms, or do we modify the existing contract?
Any help, as ever, is infinitely appreciated.
I have a rental property that is let to 4 professionals.
One of the tenants joined the property, referred by one of the current tenants.
Less than a month after signing a six month AST for £216 per month (50/week) she is complaining that the rent is too high for the room size (its an average sized room that should easily rent for £50/week and the property is in superb condition).
She has threatened that unless we reduce the rent to £200 per month she will not pay the rent until we evict her.
I have no problem with doing this, however we are using the rental income to live off and really need the money coming in.
We are looking to back down and have written a letter to the lady to this effect, but have also informed her in the letter that we not be renewing her contract (I suspect that she may want to stay beyond this, to be with her friend) so it is a matter seeing who backs down.
My question (finally) is, if we do back down and have to change the rent, how do we do this? Do we write a letter laying down the new rental terms, or do we modify the existing contract?
Any help, as ever, is infinitely appreciated.