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.Tenancy Exit Question

Farmer_jones
Forumite Posts: 27
Forumite

Tenancy Question
Friend has been a tenant for more than 15 years in the same property.
In May this year the landlord increased the rent (as per their usual annual rent review) and this time issued a new tenancy agreement. The new tenancy agreement has no exit clause for the tenant (previous ones had an exit clause such that the tenant could give a months notice after two months...) The new agreement appears to keep the tenant to a 12 month period.
My friend (the tenant) wants to leave the property for a new home which is more economically viable.
Is the new agreement "legal" in as much as it doesn't have an exit clause ?
I would have thought with the current rental market being so buoyant a new tenant will be easy to find, therefore the land lord would not be out of pocket...does this lead to a negotiated out come ?
Any help & advice most helpful.
Thanks
0
Comments
-
You don't legally need a break clause. Most will be for 12 months (with or without a 6[ish] month break clause).
Your friend could choose not to sign and remain on a periodic tenancy (rolling). Perfectly legal. No permission needed. It's likely they'd only have to give one month's notice to leave, and likely the LL would have to give two months' notice.
2023 wins: *must start comping again!*0 -
Yes perfectly legal if the tenant has signed the new contract. (They were not obliged to)The "negotiated outcome" is normally that the Tenant agrees to continue paying rent and bills until a new tenant is found and the Tenant agrees to pay the Landlord's reletting costs. However, it is a negotiation and the Landlord is not obliged to accept early surrender at all.0
-
If tenant has been paying the increased rent then IMHO the new agreement has been accepted. (In England tenancies don't even need to be in writing, don;t have to be on paper, verbal is OK - Bonkers!).
Suspect they are stuffed until May 2024. If so negotiate (calm, polite) with landlord. A sensible landlord would do a deal:
Sadly there is no requirement for a landlord to be sensible (or in England have any qualifications, any training, not even criminal record checked..)0 -
So your friend did sign the new agreement?All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.0 -
Unclear if the T signed the new TA. If they did, it is now in force and the terms are whatever the LL & T agreed within it.
Perfectly normal for a 12 month TA not to have a Break Clause (exit clause). It gives security to both LL and T.
T Has (had) no obligation to agree to/sign the new TA - could have negotiated a Break Clause to tbe added, or simply moved to a periodic (monthly rolling) tenancy.
Post 4: Ending/renewing an AST: what happens when a fixed term ends? How can a LL or tenant end a tenancy? What is a periodic tenancy?
0
Categories
- All Categories
- 338.9K Banking & Borrowing
- 248.7K Reduce Debt & Boost Income
- 447.6K Spending & Discounts
- 230.8K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 171.1K Life & Family
- 244K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards