COVID19 - Different Rent offer

Landlord Discussion
1

Hello All,

Hope you are all safe.
I have a listing placed for my house. When listing I had posted the house for rent for £1200 including bills.
Due Covid 19 situation they wanted me consider reducing the rent as they get 80% less salary now.

So I am changing to below can you please let me know does any have sample AST wording for the same where I can tell different rent amount for different periods and also how can I manage rent on OpenRent for different period for same agreement?

Deposit: £1100
Rent: Does not include bill anymore.
£1000 for first 3 months
£1100 after that for remaining 9 months

Thanks
Vinjoy

2

why are you including bills in the first place. is it an HMO? Do you mean council tax, water ,gas and electric ? If so 100 does not seem enough and why burden yourself with their bills anyway/

1 Like
3

I was including just electric+gas and water bills only.
With new agreement I am not including bills for entire period now.

4

thats good I dont pay any of the bills i mentioned at all, ever, never, if something goes wrong you will be in the frying pan. That means you are paying council tax? Do not burden yourself with this . if something goes wrong the council will come to you for rectification

2 Likes
5

Thanks Colin for guidance.

6

But how can I word the different rent amount in the agreement? And how will OpenRent collect different amounts in their system?

7

no doubt openrent will contact you tomorrow Sam and the others are pretty good in this regard.

8

Hi Vinjoy, here is some advice on how to agree a rent reduction during.

Sam

1 Like
9

One more question.

Does Landlord insurance + RGI give best/most cover? Or do I need to look external insurance provider for that matter?

10

Don’t know. Let us know when you find out!