LMT
04-09-2006, 15:19 PM
Hi there
I have been approached about a flat I have available to rent by a site manager for a large construction company who wants to live near the site he is managing Monday to Friday, going home at weekends. When I did the viewing and he put down a holding deposit it was on the understanding that he would be the tenant, so the credit checks and the AST would be in his name.
Having got a bit further down the line his company are now saying that they want to have the tenancy agreement in the name of the company, and the company will pay the rent. Having done a forum search I have found from one of Paul F's previous replies that this creates a 'Tenancy at Common Law'.
On the plus side I have what seems to be an ideal tenant who will probably stay for 18 months.
On the negative side I don't have one of these tenancy agreements, and being unfamiliar with the law pertaining to this type of contract I am wary of making a c**k-up on it.
Does anyone out there have more experience with the pros and cons of this type of agreement, and where I can find a good copy of the contract if I do decide to go ahead on this basis?
Also, if I did let to the company, can I restrict the use to this one person, or can they basically put who they like in there? It's a luxury flat, so to be honest whilst I am happy to let it to a suited manager I don't want to find they later move a bunch of 4 brickies in there. Apologies to all brickies out there.
I have been approached about a flat I have available to rent by a site manager for a large construction company who wants to live near the site he is managing Monday to Friday, going home at weekends. When I did the viewing and he put down a holding deposit it was on the understanding that he would be the tenant, so the credit checks and the AST would be in his name.
Having got a bit further down the line his company are now saying that they want to have the tenancy agreement in the name of the company, and the company will pay the rent. Having done a forum search I have found from one of Paul F's previous replies that this creates a 'Tenancy at Common Law'.
On the plus side I have what seems to be an ideal tenant who will probably stay for 18 months.
On the negative side I don't have one of these tenancy agreements, and being unfamiliar with the law pertaining to this type of contract I am wary of making a c**k-up on it.
Does anyone out there have more experience with the pros and cons of this type of agreement, and where I can find a good copy of the contract if I do decide to go ahead on this basis?
Also, if I did let to the company, can I restrict the use to this one person, or can they basically put who they like in there? It's a luxury flat, so to be honest whilst I am happy to let it to a suited manager I don't want to find they later move a bunch of 4 brickies in there. Apologies to all brickies out there.