Rent to rent contracts UK - Dos and Don'ts

[@OaS21]

Hi Saj, would really appreciate similar videos on taxation and setting up a letting agency. Really top content - thank you for sharing your knowledge!

[@TheSajHussain]

Coming soon Omar. If you are enjoying the content then please do share with your friends.

[@francoispo1481]

@@TheSajHussain some rogue landlords use agencies to hide the name (limited comp) and using agency to manage the property. rent to rent if tenants want to claim rent repayment! they can only clain to landlord states in tenancy agreement!

[@Medic.Fitness]

Would really appreciate the tax video

[@TheSajHussain]

Noted

[@Tom58498]

Thank you - great content! A video on the tax implications for the strategy would be amazing

[@alongirislam209]

Saj is such a gem! I’m 17 and I’ve been researching about property for about 2 months and I’m so glad I’ve come across Saj. This is the best property KZbin channel much better than Samuel Leeds Thank you akh🙏

[@TheSajHussain]

Thank Alongir, I really appreciate your support. Please do share the channel with your friends.

[@LA-fr7fx]

Many rent-2-rent course sellers will not want to mention the points mentioned in this video as it makes rent-2-rent less desirable.

[@sitakaur22]

Can I connect with you re: setting up a letting agent. Thank you

[@nwameperez9075]

Easily THE BEST R2R video I've encountered thus far. Perfect for someone beginning in R2R with many questions. Very clear cut, covering the main queries in an honest, succinct yet holistic manner. Subscribed. Thank you for this Mr. Hussain !

[@quizonjazz3157]

Hey, how have you been doing with r2r? Seen you posted this 1 month ago. Any luck? :)

[@Baldrick_dogsbody]

Where do I get a copy of the right type of contract for AST, commercial lease, management agreement, and License to occupy ? Is there a website ?

[@Wonderful_World007]

Thanks. I am interested in R2R. Are these all the info you have given in this videos still relevant? are there any new changes?

[@malcolmbrownson5205]

Good Day..While i am an English-Man..Living in SPAIN.....Seeking a RENT 2 OWN//BUY!! Contracts..Please!!

[@evergreendiary]

I am about starting the commercial short letting business in Cardiff but not agent is willing to let me their property for this purpose, please how do I go about this.

[@nikhil5642]

Another informative and extremely useful video. Thank you so much for taking the time to create these videos. 🙏🙌🏽 Is it possible for you to create a video on things that you must have ( or generally things you should have) on the contracts between you and the landlord and you and the tenants? Once again, thank you so much Sir! ❤️

[@TheSajHussain]

Thank you for your kind words Nik, I will keep that in mind for a future video!

[@Neomeister1]

"pacifically"

[@TheSajHussain]

🤣🤣 are you taking the mickey?

[@Jakfairleytrw]

Hey, great video Saj! Where can I obtain these contracts?

[@makailaangela1873]

Do I need to be registered as a business to do a service accommodation type or R2R?!Some say that I do

[@GuzzisWorldOfficial]

Does anyone have a good olace where i can go to actual get these contracts made?

[@LA-fr7fx]

The rent-2-rent sector needs to be regulated. Too many courses are selling the rent-2-rent hype and individuals are not setting up a management agreements (getting VAT registered or EA compliance) rather simply getting a property from a tired landlord and subsequently letting it out; thereby breaking mortgage terms, the property not being correctly insured and the landlord has no agreement with the tenants, should (s)he need to issue a section 21 or have the tenants evicted. It is a complete house of cards...

[@TheSajHussain]

I agree, very few are teaching this in an open and transparent way.

[@SSLTutor]

Hi Saj, this was really useful and informative, very straight to the point and without unnecessary cover up stories ;) It would be great to hear about setting up a company based on management contract to show the full compliance same as letting agency and also examples of breaking clauses to secure your side in case of LL change of mind or market condition change. Thank you for excellent content as always.

[@TheSajHussain]

It's on my list to videos to do :-)

[@resh242]

@@TheSajHussain Hi Saj, yes please I would love to watch the vidio, how to set up the company thanks.

[@AylwinY1]

Excellent information as usual Saj, thank you

[@TheSajHussain]

Thank you. If you are enjoying these videos, then please do share them with your friends.

[@LearnEarn247]

Hi. Just need to ask if we get the property from the agent who are already on management contract with the landlord, would they be willing to sign another management contract with the tenant?

[@TheSajHussain]

You will probably need to re-structure the arrangement. Agent will not want to lose their income from the property.

[@LearnEarn247]

@@TheSajHussain many thanks,

[@intisarshah8773]

how to set up a letting agency

[@nilupulnil1]

How the tax work for these?

[@diasmamuel9333]

Would really appreciate the tax video and letting agency set up please, Thank you!

[@TheSajHussain]

Here's the lettings agency one kzbin.info/www/bejne/h6OzqXeEjbNmaq8

[@namz2k11]

hi saj could you do a video on sourcing land deals for potential investors and what to look for before you go ahead with it and preferably examples of contracts for both investor and land seller.

[@TheSajHussain]

Hi Nayem, I will definitely keep that in mind for the future.

[@namz2k11]

@@TheSajHussain also on top of that could you possible show how to get deal sourcing templates/how to package them too make the deal look attractive to investors? Thanks for this Saj 👍👍

[@KL-v-]

Hi Saj, very informative video, thanks for sharing. I have some questions on HMO licencing. Who would be responsible for obtaining the HMO license? Landlord or me? Can I leverage the landlord's HMO license if one is already in place? Assuming this is a larger property with 7 or more rooms. Thanks!

[@TheSajHussain]

Depends on a number of things. Generally Landlord holds licence and you become the manager on the licence.

[@bouncebackwithkay8554]

Hi Saj, thank you for all your valuable information. What agreement would you suggest for running a supported living accommodation?

[@TheSajHussain]

It depends on the structure of the deal. Normally it would be a lease.

[@azharmahmoodshow3897]

Hello saj Help me this question What if you gave building contract and paid him deposit to start work on your house ? I have done this contract in paperwork/audio/ video and paid him by debit card . Week in contract him working asking for more money but he’s not done the work he’s paid . Can get my money back via chargeback from bank? Thank you

[@TheSajHussain]

I suspect not. MCOL (Money Claim Online) may be the route to recover the money.

[@johncoleman1354]

Hi Saj really appreciate the content. I would love to hear more about setting up a letting agency. Kind regards

[@TheSajHussain]

Noted!

[@EconomistsMUFID]

What about License to rent to rent.

[@TheSajHussain]

Here is video on Licensing kzbin.info/www/bejne/pJDNpIyXfph-oc0

[@katc3699]

Hi Saj, great content, very useful for a newbie like myself. Would be interested in a video on setting up a letting agency & taxation. Many thanks

[@TheSajHussain]

Coming soon Kat. If you are enjoying this content please do share it with your friends.

[@lee-anneduffy4618]

if I were to rent a property on air bnb, would I use a commercial lease?

[@TheSajHussain]

Your guests sign a licence to occupy document with you.

[@juannramme4163]

hi saj. how can we get a rent to rent cooperate. commercial lease

[@TheSajHussain]

Yes, we share ours on our training workshops.

[@jasonoppong4874]

I really enjoyed this video Saj but i have one question, I have been advised by a solicitor- that you do not make Rent-to-Rent Contracts with the Landlord i.e. you cannot make your own Commercial Lease Contract for a property but instead have to negotiate the conditions set by the Landlord for their property, *Have you found this to be true from your experience?

[@TheSajHussain]

I would change solicitor for one more experienced in this field.

[@HazStrikesU]

What about rent to rent Serviced Accomodation? How would that work? What about legals for R2RSA? Would the managing company be responsible to make sure the landlord has suitable mortgage and planning? To use an apartment as an SA if renting off the landlord to then list on airbnb?

[@stevepick8648]

Yes, to the letting agency video. many thank's

[@TheSajHussain]

Here you go kzbin.info/www/bejne/h6OzqXeEjbNmaq8

[@godsend2546]

Thanks Saj. Really clear and concise information. Thank you for sharing your vast knowledge 🙏

[@gabymotsoloc9295]

Hi Saj, what contract to sign for first R 2 SA but also to live in the property and rent out just a room or en suite for SA, thanks

[@finessecarz2973]

Hey Saj, great content. I just wanted to ask I'm in the process of securing a R2SA property, I made one FRI contract with the landlord which states my company (tenant) and his company/him (landlord) - whats the other contract I need to make between us in order to do SA or R2R. thanks

[@kelvinafon4485]

Could you do a corporate let if i replace the wording from employees to clients? or would this not change anything

[@jamesmaster3515]

Great video Saj, there is a bit of a grey area regarding Corporate let contracts as there are instances where these can be used, but I don’t disagree with what you’ve stated. The reality is like you’ve stated it’s important to build a business for the long term and get these contracts checked or drawn up bespoke by a solicitor. Also watch out for these jokers copying your video kzbin.info/www/bejne/e2a3ZmOhhbujkNU 😂😂

[@vishaljaglan6324]

Hey saj i booked a accommodation online for my relative i paid him 600 pound but when she reched there it is not good and there is only boys and she is only girl so she afried too much. But there is a agreement for 6 months but she want to leave that room there is 4 rooms 1 kitchen and 1 bathroom but there is written 2 kitchen on the web please help me how can i cancel agreement for her.

[@vishaljaglan6324]

All are boys there it's difficult to share a bathroom with boys please help her

[@TheSajHussain]

Vishal you may be able to terminate early but it may be at the discretion of the agency/landlord.

[@conspiracytoday6531]

Love the content. Where can I get a template of an Fri contract?

[@TheSajHussain]

With a FRI lease it is best to get a solicitor to create one that is tailored to your needs.

[@vattwal4176]

Hi Saj thank you for sharing this detailed video. Im looking to get into r2r and was wondering if you have found a r2hmo and there's existing tenants in the property, do you issue them with a new AST? Also do you recommend using contract templates or get these done via solicitors?

[@TheSajHussain]

I'd use a solicitor to draft the correct contracts for you.

[@vattwal4176]

​@@TheSajHussain Thank you for your response also if you have found a HMO and there's tenants already in place, do you issue them a new AST contract or can they use the one they are already currently on even though a management agreement is now in place? your help would be much appreciated.

[@dannyelvangelov6078]

Hi Saj, would love to see a video regarding taxation of the management fees, also upon agreeing to a management contract, can you still rent the property the traditional way and pay the agreed rent to the landlord or agency, without the need to work on a commission basis?

[@ibnualihaji6455]

Excellent video very informative. Is a solicitor required for a management contract required?

[@TheSajHussain]

Yes, you should use a solicitor to draft one for you.

[@Corinthianservices]

@@TheSajHussain Great Video.Legal Neglect/Lack Of Legal PreParedness at the optimal timing is a "Deal Beaker" for many Private Property Vendors & Buyers and Development Site Owners and Property Developers. I have no Doubt that it plays a significant part in the delay of and probability of abortive transactions in the types of deals [you,your investors, sourcers seek/want] that other third parties independent of you attempt to conclude but fail to rapidly legally complete on because they unlike you and investors do not have fast access to a one stop pragmatic relevant legal solution. OFTEN just because a solicitor is a "Property Solicitor" does not ensure they understand all related matters of how differing types deals are structured and/or have an inability to draft related legal contracts that are separate of a straightforward unconditional Exchange and Completion Property or Site Transaction. It follows Ensuring Provision of High Degree of Legal Preparedness for current and future new clients by suitable specialist, Competent & Effective Solicitor is Competitive Advantage for the solicitor also. Any Enlightened Solicitor who including the one of Saj, will have all these drafts sat in their CLIO account ready for issuing and signing, SUBJECT to some editing or tailoring to make them property and party specific. 😀

[@FC-zi2kx]

Saj : definitely looking forward to video on tax aspects of rent to rent agreements 👍 contemt

[@reclaimingminds2811]

Brilliant video, thank you Saj! A lot to absorb but essential to learn and implement.

[@leed5768]

Really helpful video. Thanks, Saj!

[@butin9961]

A tax video would be great

[@TheSajHussain]

Good suggestion

[@simeonb3381]

Wow! This is super helpful! Thank you very much.

[@TheSajHussain]

Glad it was helpful!

[@simeonb3381]

@@TheSajHussain Does your company help review contracts? i.e Rent to rent management contract

[@petralangr7663]

Hi, great video, yes we would like taxation video too pls

[@Weareeverything2023]

Letting agency set up would be very interesting

[@shabillaakhtar9459]

Please can we tax video related to property set up

[@bhaveshkumarhirpara7510]

What to do when letting agents do not pass rent to landlord?

[@awalcott3868]

Saj this is legit information

[@sinazeraati554]

Thanks Saj. Invaluable information shared efficiently!

[@TheSajHussain]

Thank you

[@kennietemiomodayo25]

Great content Saj... so if the property was acquired via a letting agent, am I right to say the management contract would be between myself and agent and not landlord?

[@TheSajHussain]

I would have it between you and the landlord with the current agent as the Landlords agent/representative.

[@kennietemiomodayo25]

@@TheSajHussain got it! Thanks

[@joannehussey8688]

fabulous as per usual. Thanks Saj

[@Spoofun]

Hi Saj, a friend and I have just started a rent to rent business but we are really struggling to find the right contract to protect ourselves as well as the Landlord. Would you have the template of a commercial agreement we could use? Thanks for your help.

[@SalemProduction-dh9qm]

Hi, just wondering did you find a solution to this? Did you use your own commercial agreement or did you have someone make one up for you? And if so who? Thanks

[@eneebong5181]

Just the best

[@TheSajHussain]

Thanks Ene.

[@Baldrick_dogsbody]

You speak too fast !

[@johnbishop9000]

You didn't reduce the play back speed did you!

[@Sayanldn]

Very informative video! You talk about being compliant as a lettings agent if using management agreements but what exactly does this involve ?

[@TheSajHussain]

They are your terms of business when delivering a service for your landlords.

[@Sayanldn]

@@TheSajHussain Thanks for the response Saj! But when you say we need to be compliant... do we need to get accreditation of some sort of are you just referring to having the correct procedures in place I.e the correct deposit schemes (TDP) etc ?

[@TheSajHussain]

If you operate Rent to Rent using managing contract's then essentially you are no different from a Lettings Agent. Therefore you need to be compliant as a letting agent. I have a video explaining this in more detail, it will be on the channel on 6th Jan. Do subscribe to the channel and enable the notification bell so don’t miss any of the videos as they are released.

[@Muzaffar-Ali4823]

Great content Saj. Please do a vid on setting up a letting agency. Many thanks pal.

[@TheSajHussain]

Coming soon. If you are enjoying these videos, then please do share them with your friends.