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House not available until April 2022.

I currently rent & my 1 year tenancy is up this November. I am now in a position to buy therefore viewing properties hoping i could find something rather sharpish that would enable me to give my notice on this property at the end of October. I know this sounds like pushing it a bit but I was also considering asking my landlord if I could have a rolling monthly tenancy or maybe a 6 month one depending on if I had found a property. I was emailed today by a EA with a property that looks just what I am looking for. However, she says the current owners are buying a new build & it will not be ready until April 2022. This of course is not ideal if I was wanting to move in before my tenancy renewal. If I do really like it once I have viewed it & make an offer which is accepted what other problems may I face other than my current landlord with the move date being 8 months away? If the current occupants are moving into a new build I am assuming that April is just an estimate & this could be delayed? Are there just too many what 'ifs' to make this a viable property? 

 
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Comments

  • Owleyes00
    Owleyes00 Posts: 244 Forumite
    100 Posts Second Anniversary Name Dropper
    Your tenancy will automatically become a rolling tenancy once the AST is up in November. You will be able to stay in this property for as long as you like unless the landlord issues you with an S21 notice at the end of which you can wait to be evicted if you really want to. This can take aaaages.

    This means the likelihood of you “having” to leave your current home before April 2022 is next to none.

    Whether the vendors will really be ready to complete in April is another matter. However, if you love the house and are prepared to wait then that’s up to you.
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    You are under absolutely no obligation to sign a new tenancy agreement. A rolling periodic tenancy is your statutory right which the LL has no say over.
    Read...
    Ending/renewing an AST
  • bflare
    bflare Posts: 464 Forumite
    Part of the Furniture 100 Posts
    Slithery said:
    You are under absolutely no obligation to sign a new tenancy agreement. A rolling periodic tenancy is your statutory right which the LL has no say over.
    Read...
    Ending/renewing an AST
    Ah right thanks. So even if I do not decide to go for this property I do not have to sign another tenancy at the end of November & now knowing that I am actively looking to buy then this is better for me as I am not locked into another Year tenancy. I assumed that I would need to find something before November or sign another Year then either put off buying for a while or break the tenancy agreement & be charged. 
  • Owleyes00
    Owleyes00 Posts: 244 Forumite
    100 Posts Second Anniversary Name Dropper
    bflare said:
    Slithery said:
    You are under absolutely no obligation to sign a new tenancy agreement. A rolling periodic tenancy is your statutory right which the LL has no say over.
    Read...
    Ending/renewing an AST
    Ah right thanks. So even if I do not decide to go for this property I do not have to sign another tenancy at the end of November & now knowing that I am actively looking to buy then this is better for me as I am not locked into another Year tenancy. I assumed that I would need to find something before November or sign another Year then either put off buying for a while or break the tenancy agreement & be charged. 
    Correct. If nothing is done the tenancy will automatically become a rolling tenancy. It is the default position at the end of an AST. Your landlord may or may not try to tell you otherwise - they are wrong.
  • Don’t tell your landlord you are looking to buy a property, be more discreet as this may force them to take steps to try to end your tenancy. The worst thing you can do is say you are looking to buy somewhere.
  • bflare
    bflare Posts: 464 Forumite
    Part of the Furniture 100 Posts
    Don’t tell your landlord you are looking to buy a property, be more discreet as this may force them to take steps to try to end your tenancy. The worst thing you can do is say you are looking to buy somewhere.
    Thanks but I'm not sure what I can say? My tenancy ends on the 23rd of November & I normally receive an email from the EA in early October notifying me that if I do not want to renew the tenancy for another year I have to give notice no later than 22nd October. 
  • bflare
    bflare Posts: 464 Forumite
    Part of the Furniture 100 Posts
    Slithery said:
    You don't have to say anything. By remaining in the property and not signing anything a statutory periodic tenancy will happen automatically.
    Or a simple "I'm happy to remain on a periodic tenancy" will do.
    "I'm happy to remain on a periodic tenancy" - Thanks this sounds great. So am I correct in thinking on a rolling periodic tenancy I only have to give one month's notice? 
  • Slithery
    Slithery Posts: 6,046 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    It depends on what type of periodic tenancy you go on to.
    Please read the link I put at the top of the thread, I didn't just post it there for you to ignore :)
  • george4064
    george4064 Posts: 2,933 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    How long have you rented the property so far? Do you have a good relationship/on good terms with your LL?

    No harm in approaching your landlord, explaining your situation and coming to an agreement. Many landlords would appreciate your openness and may be more accommodating than you might think!
    "If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes” Warren Buffett

    Save £12k in 2025 - #024 £1,450 / £15,000 (9%)
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