Early Termination Clause

Kevie192

Hi guys,

Just wanting an opinion on the following clause of my 6 month AST agreement:

2. Early Termination
If you wish to leave before the end of the Tenancy Period then you must give us a minimum of one month’s written notice and make an additional payment of two week’s Rent which will be payable by you as a contribution towards our costs in re-advertising/re-letting the Property.

My questions are:

• Does the 1 month need to be a 'tenancy period' as per standard notice or does this, as it reads, mean one calendar month?
• Would you calculate 2 weeks as( annual/52)*2 ?

Cheers,

Kevin

Guest101

1: No, it seems to be just one months notice.
2: annual /26

G_M

1) 1 month = 1 calender month

2) do you pay rent weekly, monthly or quarterly?

If weekly, is it weekly rent x 2
If monthly, it is monthly rent x 12 / 52 x 2
Id quarterly, it is quarterly rent x 4 / 52 x 2

Not that I'm a mathmetician so happy to be corrected!

Kevie192

Thanks both.

Just as I thought. Wanted to confirm

Cheers,

Kevin

Miss_Samantha

The question is whether to /52 or (/365)*7 to get the weekly rent from the monthly rent. 52 weeks only have 364 days so IMHO that does not give the correct result though the difference will be less than a Pound in general.

The simplest thing to do is to ask the landlord and agree beforehand.

G_M

unless it's a leap year, like.... ummm.... Is it?