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Elizabeth Dutton
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Hi, Needing some advice. One of my tenants has been made redundant and they have asked for rental help. What is the best approach? Do I work out a revised rent and then agree a payment plan with them to payback the remaining amount? Can said amount be taken from the deposit at the end of the rental term? I can arrange a payment holiday for 3 months, but what happens if they still have problems in paying after that 3 months? Can I serve notice to end the tenancy? I believe this is currently set to a 6 month period - do I prepare to do that now? I do want to help them and will, but equally need to ensure I have problems myself with mortgage payments. I also know they will not end up homeless. Help and advice appreciated.
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From: Elizabeth Dutton
09 October 2020 15:15 PM