Debate House Prices


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A "breakpoint" in a 12 month tenancy agreement?

While viewing a flat to rent recently in London the Estate Agent when asked if they would agree to a ten month agreement replied they could make a 12 month agreement with a "breakpoint" at ten months that we could then give notice to leave if we did not want to run the full 12 months.
Is this just smoke and mirrors or do such things exist?
Thanks
There will be no Brexit dividend for Britain.

Comments

  • silvercar
    silvercar Posts: 49,264 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    You can often agree to a breakpoint, relatively normal to have a breakpoint at 6 months on a 12 month contract. You should expect to have to give some sort of notice, I would think a requirement to say 2 months notice would be reasonable given that you are within the first fixed term.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    This is completely normal IME. Most often you see a 12 month agreement with a 6 month break clause: you cannot leave or be chucked out in the first 6 months unless you or your Landlord break the terms of the contract.

    After the break clause, either party can terminate: you by giving 1 month notice ending on a rent payment day and the Landlord by giving 2 months notice ending on a rent payment day.

    You can leave on a non-rent payment day by mutual agreement.

    It seems to me that you caught an Estate Agent telling the truth! That's a story to tell the Grandkids.
  • silvercar
    silvercar Posts: 49,264 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    After the break clause, either party can terminate: you by giving 1 month notice ending on a rent payment day and the Landlord by giving 2 months notice ending on a rent payment day.

    Whereas these notice requirements are normal after the fixed term has ended, break clauses I have seen are one off opportunities, either you break at the breakpoint or you stay the term.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • gfplux
    gfplux Posts: 4,985 Forumite
    Part of the Furniture 1,000 Posts Photogenic Hung up my suit!
    thanks all, great information.
    There will be no Brexit dividend for Britain.
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