No new TA?

Electrum

I am a tenant, and my tenancy agreement is almost up, I havent heard from the letting agent who did my last one

Is it to the tenants advantage not to have a new one or to the landlords advantage?

AdrianC

Define "advantage"...

If you move from a fixed period to a statutory periodic - which is what I think you're meaning - then your existing tenancy remains intact and unchanged. You need to give a minimum of one rental period notice, your landlord needs to give a minimum of two. Rent increases can only be done in the manner described in the tenancy.

If you sign a new tenancy, then the old one is replaced by the new one, with whatever rent change is incorporated - but you are both locked in for a minimum period as defined by the new one.

Electrum

Thanks but I still dont understand if its to my advantage to get a new tanancy agreement, or just leave it as it is?

I hear rents have fallen year on year country wide, but especially in London where I live.

Is this why they are not getting in touch with me, because they have to put the rent down and dont want to?

elverson

Do you want to stay there or move out?

AdrianC

Like I said - define "advantage"?

They don't have to put the rent down. What you may or may not have heard rents in general may or may not be doing makes no difference. They could perfectly legitimately hand you a new TA with the rent doubled and say "If you don't sign that, here's your correctly-issued s21 notice."

Electrum

I want to stay, for now

Electrum

So shall I contact them and remind them its up, or just leave it.

I define advantage as if it benefits me, or not

AdrianC

Electrum wrote: »

So shall I contact them and remind them its up, or just leave it.

Are you happy to trade that lock-in (both ways) for the potential of a rent increase above that allowed in your existing tenancy, together with the likelihood of fees for a new tenancy?

I define advantage as if it benefits me, or not

It's really not clear-cut as to what benefit there is for you with either choice.

Electrum

In plain English, what is generally considered these days, is it to the landlords advantage not give a new TA?

saajan_12

It depends on what you want.
If you want the flexibility of being able to move by giving just 1 month's notice (in line with rental periods) and are happy to keep the other terms as in the current agreement, it is to your advantage to not sign a new agreement and go on a rolling tenancy. But note the LL may evict you with 2 months notice (and by going to court, getting bailiffs etc so upto 4-6months before have to leave)

If you want the security of a fixed term (e.g. 6/12/24months) during which you can't be evicted (unless you breach the lease) or want to renegotiate rent or other terms (provided the LL agrees which they may not), then it is to your advantage to sign a new lease.

tykesi

Electrum wrote: »

In plain English, what is generally considered these days, is it to the landlords advantage not give a new TA?

Jeez, you can lead a horse to water...!