Tenants Charges

f.dennis

Can anyone tell me what is a Renewal Tenancy Agreement?

Thanks

clutton_2

no idea - but it sounds like a fee that a letting agent might charge you to prepare a new tenancy agreement after the first one has expired.

G_M

clutton wrote: »

no idea - but it sounds like a fee that a letting agent might charge you to prepare a new tenancy agreement after the first one has expired.

Probobly. In which case, avoid paying it by letting your initial (6 month?) fixed term end and automatically turn into a periodic tenancy. No need to sign a new agreement.

clutton_2

if you do sign a new agreement, you have security of tenure for the period signed for

if you let it run on without signing a new agreement, the LL can give you two months notice at any time, adn you can give the LL one months notice at any time

it all depends on what your priorities are

adg1

A Renewal Tenancy Agreement will be the replacement agreement for when your initial fixed term agreement funs out.

You don't have to sign another fixed term but bear in mind that 1 months notice is not a lot of time to get another tenant to pay the rent. With another fixed term of 6/12/18 months or whatever you have security of income for that period.