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What can I do? Moving in with friend, but who's direct debit to use?

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  • 01-12-2011 10:29pm
    #1
    iPaddyM
    Registered Users Posts: 324 ✭✭


    Suppose to be moving into an apartment with a mate I've only know a few months at the weekend. It's a 1 year minimum lease. The letting agent will be looking for one of us to provide DD details but I'm not 100% about committing to it just incase goes belly up and I'm sure he's thinking the same. We havnt discussed it yet. I just wanted to ask here first for any advice please. Is there some sort of legal contract we could both sign were we both mush complete the 1 years lease?

    TIA


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  • Options
    #2
    okedoke
    Registered Users Posts: 924 ✭✭✭okedoke


    Set up a new joint account - pay rent and all bills out of that.


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    #3
    not even wrong
    Registered Users Posts: 480 ✭✭not even wrong


    mushroom_mario wrote: »
    The letting agent will be looking for one of us to provide DD details
    Are you sure it's a direct debit and not a standing order? If it's an SO then each of you can just do your own standing order for your half of the rent, problem solved.


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    #4
    odds_on
    Closed Accounts Posts: 1,869 ✭✭✭odds_on


    not even wrong wrote: »
    Are you sure it's a direct debit and not a standing order? If it's an SO then each of you can just do your own standing order for your half of the rent, problem solved.

    IMHumbleO, you would be foolish to take on a one year fixed term lease in your situation.

    What if you don't get on after a few months and you have to break/get out of the fixed term lease? Possibly lose your deposit as well.

    Try to negotiate either a Part 4 lease or a periodic lease, both of which are much easier to get out of. Although not as secure, I think either of them would serve you better - though these types of leases may be harder to obtain.


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