Sure ending a tenancy early

Camel310

I just wanted advice from anyone who has successfully been able to surrender a tenancy early? 

We were pressured into taking a long fixed term contract and after many rejections we were told by the letting agents that would be the only way to secure a rental. We don’t have a break clause and over a year on our tenancy.

I know that we signed a contract so are obligated to reach it but we are struggling with the new cost of living increases and also get little sleep due to a noisy tenant above who will not turn his bass system of tv down despite the landlord having a word.

I know that the only way to get out of the tenancy is to negotiate with the landlord I just wondered if anyone had advice on how to approach this and be successful?

I also read there are new rental laws proposed where it is easier for tenants to get out of a tenancy if their circumstances change but this may not be signed off for a while and we need to leave soon as it is becoming unbearable.

thanks in advance 

theartfullodger

It is entirely up to tenant and landlord(or agent acting on their behalf) to reach an agreement to an early surrender.  The landlord does not have to agree, and is legally entitled to insist (through the courts if necessary) on his full rent payments.

Nothing stopping you negotiating:  e.g. offering say £1k, £2k, £4k to landlord for prompt surrender so he can re-let.

Sorry, life ain't fair: As Proudhon said (in French)  "Property is theft". See
https://en.wikipedia.org/wiki/Property_is_theft!

pinkshoes

Negotiate. Speak to the landlord. Ask.

Tell them you cannot afford it, so could the rent be reduced to £X each month. If they refuse, then ask to end the tenancy. If they refuse that, then plan C...

canaldumidi

The change in law will not happen tomorrow. Or next week. So forget that.

The terms of an Early Surrender are entirely up to you and the LL to agree. It is common for the tenant to agree to pay

* LL's remarketing costs, and/or

* LL's re-letting costs (eg tenancy agreement /inventory for new tenant charged by his agent, as this is an added cost he was not expecting) and/or

* rent till tenancy surrender date which might be date of replacement tenancy

See also

Tenant Fees Act 2019: guidance for tenants (updated September 2020)  page 71

Best of luck.

Camel310

canaldumidi said:

The change in law will not happen tomorrow. Or next week. So forget that.

The terms of an Early Surrender are entirely up to you and the LL to agree. It is common for the tenant to agree to pay

* LL's remarketing costs, and/or

* LL's re-letting costs (eg tenancy agreement /inventory for new tenant charged by his agent, as this is an do cost he was not expecting) and/or

* rent till tenancy surrender date which might be date of replacement tenancy

See also

Best of luck.

Yep you are right there but I thought if they were aware of the new law coming into place in the near future they would be more amendable. 

Thanks for the information that’s very helpful - do you know approx how much these reletting fees tend to be? 

canaldumidi

Camel310 said:

canaldumidi said:

The change in law will not happen tomorrow. Or next week. So forget that.

The terms of an Early Surrender are entirely up to you and the LL to agree. It is common for the tenant to agree to pay

* LL's remarketing costs, and/or

* LL's re-letting costs (eg tenancy agreement /inventory for new tenant charged by his agent, as this is an do cost he was not expecting) and/or

* rent till tenancy surrender date which might be date of replacement tenancy

See also

Best of luck.

 Thanks for the information that’s very helpful - do you know approx how much these reletting fees tend to be? 

Googling 'letting agents' the 1st result was https://www.abilityestateagents.com/ Their relevant fees to landlords seem to be:

Let only tenant find 10% +VAT Or 12% Inclusive of Vat

Inventory./check in: £175 - 325 (studio - 5 bed)

Tenancy agreement charge £220.00

Deposit Protection Registration £54.00

All prices are including VAT unless otherwise stated

Oter agents may vary.