Tenancy Periods?

fishpond

As a landlord, what are the advantages and also disadvantages of 6 month, 12 month, longer, fixed term tenancies.
Just in case I have missed anything, as I am getting really annoyed with tenants moving after 6 months, having told me they will be long term or the other this is my forever home.

Pixie5740

It costs money to move and it's stressful so perhaps the issue isn't the length of fixed term offered but the landlord and/or property.

Guest101

fishpond wrote: »

As a landlord, what are the advantages and also disadvantages of 6 month, 12 month, longer, fixed term tenancies.
Just in case I have missed anything, as I am getting really annoyed with tenants moving after 6 months, having told me they will be long term or the other this is my forever home.

Well tenants don't typically move after 6 months for no reason, you could be unlucky or there could be underlying issues.


That said, if you offer tenancies for longer, you may have less choice of tenants and struggle to evict when you need to


Similarly should you need to liquidate assets, it would be much harder / more costly

G_M

fishpond wrote: »

As a landlord, what are the advantages and also disadvantages of 6 month, 12 month, longer, fixed term tenancies.

Longer the term, more security for each party
Longer the term, less flexibility for each party

tenants moving after 6 months, having told me they will be long term or the other this is my forever home

You miht just have been unlucky, but I would review whether there is an underlying reason eg
* property is poorly maintained, hard/expensive to heat etc
* neighbours (or neighbourhood) noisy/messy etc
* landlord is too demanding, intrusive etc

Cakeguts

6 months are good for a trial to see how the tenants get on. Tenants who really like the property do not move on after 6 months. Did you buy this property to let or is it one that you used to live in? Did you do any research before you decided to let that property?

fishpond

Cakeguts wrote: »

6 months are good for a trial to see how the tenants get on. Tenants who really like the property do not move on after 6 months. Did you buy this property to let or is it one that you used to live in? Did you do any research before you decided to let that property?

Its only been let out for 23 years:rotfl:

Guest101

fishpond wrote: »

Its only been let out for 23 years:rotfl:

So you've had this problem for 23 years?

fairy_lights

fishpond wrote: »

Its only been let out for 23 years:rotfl:

Have you asked any of your former tenants why they've moved out so soon? It could be that there's something about the flat that's driving people away (bad neighbours maybe) or it could be that you've just had a run of bad luck.

theartfullodger

fishpond wrote: »

...............Just in case I have missed anything, as I am getting really annoyed with tenants moving after 6 months, having told me they will be long term or the other this is my forever home.

Yeah: Probably a bit like tenants getting really annoyed with landlords issuing s21s after 6 months, having told those tenants they will be long term deal & you can stay as long as you like..

Tenants (assuming you offer 6 month deals) are merely exercising their absolute legal right.

fishpond

theartfullodger wrote: »

Yeah: Probably a bit like tenants getting really annoyed with landlords issuing s21s after 6 months, having told those tenants they will be long term deal & you can stay as long as you like..

Tenants (assuming you offer 6 month deals) are merely exercising their absolute legal right.

Please explain what on earth you are talking about?

G_M

fishpond wrote: »

Its only been let out for 23 years:rotfl:

and you've had 46 tenants....?? :rotfl: :rotfl: