AST vs Statutory Periodic Tenancy

Out,_Vile_Jelly

From a tenant's point of view, if the rent is to remain unchanged and the existing AST already stipulates 1 month's notice to be given by tenant and 2 months by LL, there is no difference when an AST runs onto Statutory Periodic.

However, are there any implications from the LL's side, eg with mortgage provider or insurance? The deposit is with MyDeposits, which as far as I can see would charge a fee for a new contract being drawn up, but not for going onto Statutory Periodic.

The only difference I can see is that the agent can charge a suprious and unwarranted fee for an unnecessary new contract, but just wanted to check in case LLs view it differently.

xoAmyox

I agree with everything you've said there, renewals do offer security of tenure though, a 6 month renewal means you are guaranteed those 6 months (so long as you comply with the tenancy agreement).

Some people like to pay a little for the security, some like the rolling contract.

propertyman

The landlord may want a clear asset producing guarantees of income over 6 or 12 months and not one that ends in one month.

They cannot force you to enter into a new agreement, though the risk of refusal is termination.

jjlandlord

The risk of eviction is remote, though as a sane landlord has no interest in getting rid of a good tenant.

Out,_Vile_Jelly

Thank you for your comments- the 6/12 month security is not an issue in this instance as both sides are happy to continue with 1/2 months notice.

I just wondered if there are any other compelling reasons for LLs to want a new AST, other than generously contributing to the profits of their agent.

G_M

Out,_Vile_Jelly wrote: »

.....and the existing AST already stipulates 1 month's notice to be given by tenant and 2 months by LL, there is no difference when an AST runs onto Statutory Periodic.

.....

If 'the existing AST' is a Fixed Term (eg 6 months) NO notice is required by the tenant whatever the tenancy agreement says.

More here on Fixed Term Vs Periodic ASTs.

jjlandlord

G_M wrote: »

If 'the existing AST' is a Fixed Term (eg 6 months) NO notice is required by the tenant whatever the tenancy agreement says.

T is not required to give notice to leave at the end of the fixed term (ie at the end of the tenancy).
But the agreement can be worded in a way that create a break clause giving T the possibility to end the tenancy at a month notice.
It's all about the wording.

Out,_Vile_Jelly wrote: »

I just wondered if there are any other compelling reasons for LLs to want a new AST, other than generously contributing to the profits of their agent.

If you use an agent you can discuss/negotiate what they charge to draw a new tenancy agreement. Or you can get a tenancy agreement yourself and not use them at all (which should encourage them to offer you a good deal)...