Renting - What's the norm, what's required?

mta999

All contracts will change to the new periodic, although the date when has not been announced. It might not be on the exact date the new bill becomes law.

curtis122

Just bear in mind also that a lot of agents will not allow the tenancy to go periodic once the first initial fixed term elapses and you will expected to sign up to another fixed term.......

I was reading about this, I read you don't have to accept it and it will then roll over onto periodic. What can they do other than give you notice, would many do that if you've been a good tenant and paid on time?? I wouldn't want to lose a good tenant.

Also is it not the case that every renewal the agency make money, so it's their interest to push this.

owls1867

curtis122 said:

Just bear in mind also that a lot of agents will not allow the tenancy to go periodic once the first initial fixed term elapses and you will expected to sign up to another fixed term.......

I was reading about this, I read you don't have to accept it and it will then roll over onto periodic. What can they do other than give you notice, would many do that if you've been a good tenant and paid on time?? I wouldn't want to lose a good tenant.

Also is it not the case that every renewal the agency make money, so it's their interest to push this.

Yes - by tenancy law once a fixed term ends it automatically defaults into a periodic (rolling) tenancy, whereby the same obligations apply from the original contract. Only difference now is the fact both parties can now serve notice on each other. So its either the want for flexibility or stability.  

If a tenant doesn't want to sign a new contract then there isn't much an agent can do, except in extreme circumstances and evict you. But the likelihood of this happening would be extremely rare. Letting agents might expect and want you to re-sign, but legally there isn't a lot they can do if you dont, particularly if you're a good tenant. 

Agents want as many renewals as possible as they can charge the landlord a fee for doing it. But sometimes it represents good value for money for a landlord to pay as it will guarantee a tenant for the next 6/12 months as well.