A tenant swap occurs when an outgoing tenant is replaced by an incoming tenant during a tenancy.
There are currently two ways to do this on Reposit’s system:
1. The best way to do this, although only possible in England in Wales, is to use the deed of assignment attached. This will need to be signed by the outgoing and the incoming tenant. Using the deed of assignment will prevent you from having to get the tenants to sign a new AST and having to complete a new inventory. However, please note that the incoming tenant will need to provide in writing that they agree to the original inventory.
- You'll need to provide us with the email address and name of the incoming tenant and let us know who the outgoing tenant will be.
- We will charge the incoming tenant a fee of £50 to cover our admin expenses.
- It is also your responsibility to make sure the incoming tenant has signed up and paid their £50 (there will be no cover in place until they complete payment).
- As soon as the incoming tenant has done this they will be responsible for their share of the liability. It is therefore important that they settle any existing costs with the outgoing tenant privately.
*Please note that an original tenant (a tenant named on the original tenancy agreement) must remain named on the Reposit in order to be able to carry out a tenant swap.
2. The second way is to end the tenancy on our system and create an entirely new tenancy. For this solution, we would need a new tenancy agreement to be issued and a new inventory check to take place. You will then need to create the Reposit on our system as if it was a new tenancy. The tenants will, therefore, need to pay for the new Reposit.
If you choose option 1 and have completed the deed of assignment document, please let our team know by forwarding the deed of assignment and proof of the tenant agreeing to the inventory in writing to firstname.lastname@example.org, so that we can update the Reposit and invite the new incoming tenant to the platform to pay their fee.