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in 1 Month and 2 Weeks Exactly My 1 Year tenancy agreement comes to an end...

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JJRome
JJRome Posts: 29 Forumite
Second Anniversary 10 Posts Name Dropper
edited 28 July 2020 at 5:25PM in House buying, renting & selling
in 1 Month and 2 Weeks Exactly My 1 Year tenancy agreement comes to an end, Today I received a Letter from the State Agent that manage the property telling me that the landlord is happy to to enter into a new fixed term agreement but ask me to reply with in a week.  but  no mention the option to enter in to a rolling contract.  I'm in the process of buying a property but haven't set an exchange date. So If everything go well and we end buying the property I may need a couple of extra weeks before move in, I should know this with in the next 10 days.

Do I really need to answer the State Agent with in week? What are my rights at the end of the 
tenancy agreement? If I don't sign the new agreement do I need to leave the property by the end of the contract?
Thanks

Comments

  • PERMOTIO
    PERMOTIO Posts: 32 Forumite
    10 Posts
    I'm in a similar position and I'm just waiting to hear exchange/completion dates; trying to hold off replying but we've not been given this one week deadline. I'd either say you'll get back to them ASAP or just don't respond and wait for them to chase.
  • theartfullodger
    theartfullodger Posts: 15,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Do nothing: ABSOLUTELY NOTHING!

    As long as you remain living in the property (as is your absolute right) a periodic, rolling, tenancy will carry on. Thatcher's 1988 Housing Act says so.  A landlord/agent cannot (may not, legally impossible to) prevent this happening.

    'sfunny how many agents and landlords pretend not to know about this.
    Especially wise to continue as periodic if expecting to buy.  Good luck owning!
    Artful: Landlord since 2000.
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    JJRome said:
    Do I really need to answer the State Agent with in week?
    No.
    JJRome said:
    What are my rights at the end of the tenancy agreement?
    Either leave without giving notice, continue onto a periodic tenancy, or sign a new tenancy.
    JJRome said:
    If I don't sign the new agreement do I need to leave the property by the end of the contract? 
    No. Please read...
    Ending/renewing an AST
  • Aaghh321
    Aaghh321 Posts: 27 Forumite
    10 Posts Name Dropper
    Yes I'm in that position too... sitting tight and keeping quiet. LLs hate it because they don't know if they'll have continuing rent and EAs hate it because they can't charge fees in negotiating a new agreement. 
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    And in one month, two weeks, and one day... you start on a rolling tenancy automatically. With the same tenancy conditions, and only one month's notice required from you, but three (currently) from the landlord.
  • JJRome
    JJRome Posts: 29 Forumite
    Second Anniversary 10 Posts Name Dropper
    Thanks so much for the Help. 
  • [Deleted User]
    [Deleted User] Posts: 7,323 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 28 July 2020 at 6:53PM
    I hope you don't mind me mentioning but its a letting agency or estate agent.  Not a State Agent.  Also shortened to LA or EA.
  • blue_max_3
    blue_max_3 Posts: 1,194 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    I'm in the same position too. Only the landlord has asked for a rent increase from Sept 1st. I am likely to be there if I haven't bought by then, so should I just pay the increase?
  • greatcrested
    greatcrested Posts: 5,925 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 28 July 2020 at 8:45PM
    AdrianC said:
    And in one month, two weeks, and one day... you start on a rolling tenancy automatically. With the same tenancy conditions, and only one month's notice required from you, but three (currently) from the landlord.
    Perhaps. Though if the contract continues as a Contractual Periodic Tenancy (as opposed to a Statutory Periodic) then the tenant's notice is whatever is specified in the contract.
    And if it is a SPT, it's one full tenancy period's notice, not one month. These minutiae may not be relevant at present in terms of the ending of the fixed term, but could be critical if/when the OP wishes to leave.
    As Slithery says above
    Please read...
    Ending/renewing an AST



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