A fixed term tenancy agreement details the legal rights and responsibilities of landlords and tenants detailing things like how long the property will be rented out for, rent rates, tenant obligations, landlord repair obligations and much more.
The difference between a fixed term tenancy agreement and a periodic tenancy is that one is for a fixed term, i.e. 6 months, 1 year 2 years and the other is rolling either monthly or weekly.
Fixed term tenancy process if your tenant wants out
When a tenant signs a new tenancy agreement they are essentially committing to rent your property for a fixed period of time but, there may be times when a tenant may decide they want to leave the tenancy early for various reasons. When this happens it is usually in the landlord and tenant’s best interest to reach an agreement as soon as possible.
How can you end a fixed term tenancy?
You can end your fixed term tenancy early if
1. Your tenancy agreement says you can, this means you have a break clause.
2. You can negotiate a surrender of fixed term tenancy with the landlord which could involve a re-assignment of the tenancy agreement or the tenant agreeing to pay rent for an agreed amount of time in order to allow the landlord reasonable time to find a new tenant.
The alternative for both parties when it comes to ending a fixed term tenancy before it contractually comes to an end would be to seek redress from the courts however in most cases it is usually more cost-effective and less time-consuming to come to an agreement.
When it comes to managing rental properties, landlords occasionally find themselves in situations where tenants are in breach of their tenancy agreements. In such cases, a Section 8 notice can be a valuable tool to regain possession of the property.
The Renters’ Reform Bill is a hot topic in the UK, aiming to bring a wave of change to the rental market. We’ve rounded up all you need to know about this exciting development and will keep you updated as the details unfold.
Evictions can be a challenging and distressing process for landlords in the UK, particularly when the tenant is uncooperative or has failed to pay rent. If all other methods to resolve the situation have been exhausted, landlords may need to consider the last resort – applying for a bailiff eviction.
We create this content for general information purposes and it should not be taken as advice. Always take professional advice. Please read our full disclaimer.
Boroughs covered: Barking and Dagenham | Barnet | Bexley | Brent | Bromley | Camden | City of London | Croydon | Ealing | Enfield | Greenwich | Hackney | Hammersmith and Fulham | Haringey | Harrow | Havering | Hillingdon | Hounslow | Islington | Kensington and Chelsea | Kingston upon Thames | Lambeth | Lewisham | Merton | Newham | Redbridge | Richmond upon Thames | Southwark | Sutton | Tower Hamlets | Waltham Forest | Wandsworth | Westminster
Copyrigt 2022 © All rights reserved. Property and Homes Management Ltd
