Hey guys and gals,
I'm about to take over management of my IP at the same time as the lease is due for renewal. The tenants have told me that they are happy to stay on and sign for another 12 months. I'm pretty much going to redo the current Form 18a and just cut out the old PM details and change the lease dates. Do I need to do another condition report before we sign the new lease? The property is still in the same condition, if not better since the tenants moved in.
I'll give the tenants my bank details to pay the rent.
I'll get the bond change over form from the PM next week to transfer that to my name.
I'd better contact EDM and see that they will cover me for LLI with me as PM.
Is there anything else that I need to do?
Thanks.
I'm about to take over management of my IP at the same time as the lease is due for renewal. The tenants have told me that they are happy to stay on and sign for another 12 months. I'm pretty much going to redo the current Form 18a and just cut out the old PM details and change the lease dates. Do I need to do another condition report before we sign the new lease? The property is still in the same condition, if not better since the tenants moved in.
I'll give the tenants my bank details to pay the rent.
I'll get the bond change over form from the PM next week to transfer that to my name.
I'd better contact EDM and see that they will cover me for LLI with me as PM.
Is there anything else that I need to do?
Thanks.