What is maximum length of assued shorthold tenancys?

nonnatus

Lodger, thanks for the information. Does seem odd about the rent doesn't it, but I'm not complaining! LL's are very much alive and live the other side of town, I regularly bump into them in the supermarket where we exchange polite "everything alrights?" and "yes, thankyou's"

Although to be honest 7 years ago rents were pretty much what I pay now anyway. They went up for a while but have come back down in this area so if I were to move I would not expect to pay any more than I do now for a similar sized property, if you see what i mean?

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theartfullodger

Re..

With a 7 year contract both parties get security but at a huge cost to flexibility.

- just in case anyone was wondering, this problem with flexibility means that both Landlord & Tenant are held to that long contract & can't get out of it, without the agreement of the other... so, for example, if a tenant on a 7 year contract decided to leave early (change of job, retires, get's sick, meets a fit bird/bloke, has some more kids, whatever... ) they still have to pay the remaining rent to the end of the 7 years...
- that's why most fixed-terms are 6 or 12 months...

Cheers!

Lodger

G_M

theartfullodger wrote: »

Re..



- just in case anyone was wondering, this problem with flexibility means that both Landlord & Tenant are held to that long contract & can't get out of it, without the agreement of the other... so, for example, if a tenant on a 7 year contract decided to leave early (change of job, retires, get's sick, meets a fit bird/bloke, has some more kids, whatever... ) they still have to pay the remaining rent to the end of the 7 years...
- that's why most fixed-terms are 6 or 12 months...

Cheers!

Lodger

Hi Lodger! Not sure how this is different or adds to what I said?....

"However there is usually a limit as noone can predict what life will bring 3, 4,5 years ahead. If a 7 year fixed term is signed, what happens if after 2 years the tenant gets a new job and needs to move? Or finds a partner to live with/starts a family & wants a bigger place? or wants to move nearer family? Or...or? Similarly a LL's circumstances could change meaning he wants to sell etc etc"