Taking Over An Existing Tenancy Agreement: What You Need to Know

When it comes to moving into a new home, taking over an existing tenancy agreement can be a great option. It means the property is already established, and you don’t have to deal with the hassle of setting up a new tenancy. However, there are certain things you need to keep in mind before taking over an existing tenancy agreement. In this article, we’ll take a look at the key things you need to know.

What is an Existing Tenancy Agreement?

An existing tenancy agreement is a rental agreement that has already been signed between the landlord and the previous tenant. This means that the property has already been rented out, and the previous tenant has lived there for a certain amount of time. When you take over an existing tenancy agreement, you are essentially replacing the previous tenant as the new tenant.

What Are Your Responsibilities as the New Tenant?

When you take over an existing tenancy agreement, you become responsible for the property from the date you move in. This means you are responsible for things like paying rent on time, maintaining the property, and following the rules set out in the tenancy agreement.

Before you take over an existing tenancy agreement, it’s important to read through the tenancy agreement carefully. This will help you understand exactly what your responsibilities are as a tenant.

Can You Make Changes to the Property?

In most cases, you are not allowed to make any significant changes to the property without the landlord’s permission. This includes things like painting the walls, putting up shelves, or installing new fixtures. If you want to make any changes to the property, you need to get permission from the landlord first.

How Do You Take Over an Existing Tenancy Agreement?

To take over an existing tenancy agreement, you need to speak to the landlord or the letting agent. They will be able to provide you with the necessary paperwork and help you through the process. You will usually need to provide references and undergo a credit check to ensure you can afford the rent.

If the landlord or letting agent is happy for you to take over the existing tenancy agreement, they will usually draw up a new contract. This will outline your responsibilities as the new tenant and specify the rent you need to pay.

Conclusion

Taking over an existing tenancy agreement can be a great way to move into a new home quickly and easily. However, it’s important to understand your responsibilities as the new tenant before you sign on the dotted line. Make sure you read the tenancy agreement carefully and ask any questions you may have before moving in. With the right preparation, taking over an existing tenancy agreement can be a stress-free experience.