How To Manage Joint Tenancies: Tips For Thanet Landlords
According to a recent survey*, three in five people living in shared
accommodation say rising energy bills are a source of tension among flatmates.
And more than half of those surveyed also expressed concern about
flatmates leaving the heating on, not switching lights off and taking long
baths.
So that landlords don’t find themselves caught in the middle of tenant
disagreements or drawn into end-of-tenancy disputes, it’s essential to manage
joint tenancies carefully. Here are some top tips.
- Make
sure all tenants attend the viewing. Never accept a tenant you’ve not met
based on someone else’s word.
- Ensure
tenants understand they are liable for all rent and damages (this will be
covered in the contract). Some people mistakenly assume that if, for
example, they’re one of two people named in the agreement, they’re only
liable for half the costs – not true! If one tenant falls into arrears or
causes damage, the landlord can ask any or all the other tenants to pay
up.
- The
same applies to end-of-tenancy deductions; these are taken from the
overall deposit.
- Always
encourage tenants to resolve their own disagreements. You’re not Oprah
Winfrey or Judge Judy, so resist any attempts from tenants to get you to
play counsellor or act as ‘referee’.
- Always
communicate with all tenants. Never assume that one tenant will pass
information on to other tenants. It’s not their job to do this – it’s
yours.
- If there’s
a dispute over damages or an issue with arrears, contact all tenants to
explain the situation and remind them they’re all liable. Sometimes the
other tenants in the property can play a helpful role in resolving the
situation.
- Always
remain empathetic and professional.
For more advice about managing tenants or our
property management services, contact us today on 01843 234771
*Comparethemarket, November 2022
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