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Would it be the same tenant please?
The Company would be the tenant in each apartment, not their client
Ok - and they would sub let them?
If so and you are OK with that then you have 2 choices:
1) an AST with a clause ALLOWING sub letting, or
2) A proper lease
Yes and no. We ark talking about young people, maybe 16 or so, so the companies client would be the council who will be asking the company to house the children/young adults
If you a lease then the Company is the Landlord and can manage the properties
If you give them an AST then their options are more limited in managing the properties.
You would have to evict tenants if required etc and do all the managing
If the properties are leased then they can manage them and do all the admin
So if it is going to be one tenant per property, then AST with sub let would be fine
Can I clarify anything for you about this today please?
The next point, if it was a lease, is that the company would not be taking on the whole block at the same time, but one apartment at a time. So am I better creating a 2year AST, with an option to extend, and have a separate AST for each apartment?
allowing subletting ...
Separate AST for each one gives YOU more options
Does that help?
OK, great, thank you Alex.
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