UK Landlord Forum / Life

Hi

I am in the process of purchasing a property that has tenants in place.

I am happy for the tenants to remain there and they have expressed a willingness to do so.

The letting is currently managed by an agent but when I complete the purchase I will manage it.

I have now found out that although the tenants started on a fixed term AST agreement,  the term has ended and it has moved on to become a rolling one month periodic agreement.

As I will be taking over managing the letting myself I have requested that the tenants sign a new fixed term AST agreement and I believe that they are happy to do this.

My question is, how do I draw up an agreement to deal with this scenario?

Should I start from scratch as if they were just moving in or should I take into account some of the terms of the previous agreement e.g. use the original inventory as the original deposit will still be in place?

Many thanks in advance for any advice.