{"id":6257,"date":"2017-09-22T16:44:17","date_gmt":"2017-09-22T15:44:17","guid":{"rendered":"https:\/\/www.lettingaproperty.com\/landlord\/blog\/?p=6257"},"modified":"2017-09-22T16:44:17","modified_gmt":"2017-09-22T15:44:17","slug":"sign-tenancy-agreement","status":"publish","type":"post","link":"https:\/\/www.lettingaproperty.com\/landlord\/blog\/sign-tenancy-agreement\/","title":{"rendered":"When to Sign a Tenancy Agreement"},"content":{"rendered":"<p>I&#8217;m often asked by our landlords and tenants alike when to sign a tenancy agreement. &nbsp;We&#8217;ve been working on a number of new tenancy agreements this week and we have a few excited tenants who&#8217;ll be moving home over what is predicted to be an &#8216;<a href=\"http:\/\/www.dailymail.co.uk\/news\/article-4902432\/Indian-Summer-set-hit-Britain-Sunday.html\" target=\"_blank\" rel=\"noopener noreferrer\">Indian summer<\/a>&#8216; weekend.<\/p>\n<p>Before I&#8217;ve explained the pros and cons of when to sign a tenancy agreement, most landlords I talk to either sign the day before the start date or on the actual day of the tenant moving in.<\/p>\n<p>In my opinion, leaving it to the last minute to secure the tenancy is a little too to risky for me.<\/p>\n<h2>Secure a tenancy in advance<\/h2>\n<p>Most tenants are required to give their current landlord a minimum of 4 weeks notice to vacate the property. &nbsp;Before they do that, they usually try to <a href=\"https:\/\/www.lettingaproperty.com\/rent\" target=\"_blank\" rel=\"noopener noreferrer\">find a property to rent<\/a> to move to first before notifying the current landlord.<\/p>\n<p>Once a property that is suitable has been found, they then start the application and the <a href=\"https:\/\/www.lettingaproperty.com\/landlord\/blog\/tenant-referencing-its-a-must-do-for-uk-landlords\/\">tenant referencing<\/a> process will begin. &nbsp;At this point, the tenant usually notifies their current landlord that they wish to move on and ask if they would provide a landlords&#8217; reference.<\/p>\n<p>As the new landlord, you would be confident that the references are underway and your property is removed from the market as &#8216;Let Agreed&#8217;.<\/p>\n<p>Referencing a tenant usually only takes around 3 &#8211; 4 working days. &nbsp;We would obtain a previous landlords reference, an employment reference and a 6 year financial credit check. &nbsp;Once the references are back and both parties are keen to progress, at this point we would draft up a tenancy agreement.<\/p>\n<h2>Best time when to sign a tenancy agreement<\/h2>\n<p>In the scenario above, the tenants are now looking to move in a few weeks time and the tenancy agreement has been drafted.&nbsp; &nbsp;If the references are positive and it\u2019s all green lights, I&#8217;d recommend getting your tenancy agreement signed as soon as possible.<\/p>\n<p>Once the tenant and landlord sign the tenancy agreement it becomes far more difficult for either party to withdraw. &nbsp;Without having a signed agreement, the tenant could withdraw anytime before the start date leaving you with weeks of lost rental income.<\/p>\n<p>In terms of the first month&#8217;s rent and deposit funds, this can be paid to the landlord or agent either the day before or on the day of handover. &nbsp; We always seek to have cleared funds in our client account at least 24 hours before the start day of the agreement.<\/p>\n<h2>Using digital tenancy agreements<\/h2>\n<p>Here at lettingaproperty.com, we use a digital tenancy agreement that can be signed by all parties in a matter of minutes.<\/p>\n<p>For new tenancies and renewals, we aim to have the agreements signed by all parties as soon as we have agreed on a move in date or an extension of renewal. &nbsp; This means that our landlords have peace of mind and a tenant secured.<\/p>\n<p class=\"cta\">We offer a digital tenancy agreement service within our&nbsp;<a href=\"https:\/\/www.lettingaproperty.com\/guaranteed-rent\" target=\"_blank\" rel=\"noopener noreferrer\">Guaranteed Rent<\/a> and <a href=\"https:\/\/www.lettingaproperty.com\/rent-on-time\" target=\"_blank\" rel=\"noopener noreferrer\">Rent on Time<\/a> plans or we can provide a standalone <a href=\"https:\/\/www.lettingaproperty.com\/landlord\/drafted-tenancy-agreement\" target=\"_blank\" rel=\"noopener noreferrer\">tenancy agreement drafting service<\/a>.<\/p>\n<p>If you would like some assistance in drafting your next tenancy agreement, please call us on 0333 577 8888 &#8211; we&#8217;d be happy to help!<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>I&#8217;m often asked by our landlords and tenants alike when to sign a tenancy agreement. &nbsp;We&#8217;ve been working on a number of new tenancy agreements this week and we have [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":11460,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[22],"class_list":["post-6257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rental-process","tag-tenancy-agreements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>When to Sign a Tenancy Agreement - Landlord Blog<\/title>\n<meta name=\"description\" content=\"When to sign a tenancy agreement? 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