We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Why ask us?
zmblake
Posts: 28 Forumite
Just looking for some advice, we've been renting our current property since April 2021, it was a 6 month fixed term rental thereafter on a rolling contract until one party or other gives notice. They've recently asked us to sign a 12 month contract and we can't work out why? We have asked the question but they haven't come back to us. We are reluctant to sign it as we've had heating issues every month since we have been here, they have tried their best to sort the issues but unfortunately we are still having issues, plus we are looking to move as finding the place a bit small. Basically just wondered what their reason is for us to sign a 12 month contract now?
0
Comments
-
I'd imagine it's either due to your landlord wanting a bit of security if you're living in an area with a lot of vacant rental properties, or it could be a requirement from their lender in order to get an improved mortgage deal.1
-
You don't have to sign, just let it become a rolling monthly tenancy.
1 -
Thank you so much for your replies, confirmed my thoughts, we won't sign and keep to a rolling monthly tenancy I think. Appreciate your replies.0
-
Likely for more security moving from 6 months tenancy to 12 months.
If you are looking to move and do not want to sign a 12 months tenancy just inform them.
1 -
keep in mind that should you decide not to sign, the landlord can decide to evict you. it will take some time, but it is possible.
if the reason is indeed the number of vacant properties in the area, you should have no problem securing a new property, maybe at a better price.
back on planet earth, though, they'll probably find someone who will sign a 12 months contract yesterday, if you catch my drift.1 -
Who is 'they'? The landlord? Or his agent?Agents sometimes do this as they can charge the LL a fee for the contract.6
-
Could it be that there is some aspect of the paperwork that is not in order which would prevent the LL from enforcing an S21, that could be remedied by the T accepting a fresh contract?
1 -
It will be because the agency want their commission! You sign and they charge the LL for getting a contract renewal. Even though as you've worked out it's not necessary when it is now periodic anyway.7
-
martindow said:Could it be that there is some aspect of the paperwork that is not in order which would prevent the LL from enforcing an S21, that could be remedied by the T accepting a fresh contract?Unlikely that would remedy the problem - the tenancy started back when the tenant originally moved in, not when the new tenancy agreement is signed.Though I guess the landlord might think it would remedy the problem....
3 -
You don't need to sign it! But...when this happened to me and I said I wanted to go on a rolling contract, the LL immediately came back with a rent increase. I was in the process of buying so wasn't too bothered and handed my notice soon afterwards but bear it in mind. No ideas about the legalities but it's swings and roundabouts, some people prefer the flexibility of a rolling contract, others want the security of signing up for another 12 months.2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.1K Banking & Borrowing
- 254K Reduce Debt & Boost Income
- 454.9K Spending & Discounts
- 246.2K Work, Benefits & Business
- 602.4K Mortgages, Homes & Bills
- 177.9K Life & Family
- 260.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards