eat tenants'12 months with a break option', or .....

[King Herald]

I just had a tenancy extension mail come thorough, offering us these options:

• 6 months with a break option.
• 6 months with NO break option.
• 12 months with a break option.
• 12 months with NO break option.

What exactly does this mean? We have no intentions of hoofing the tenants out, they've been in for 4 1/2 years and are great tenants, so which one should I tick?

I can't remember which one I ticked last year either.

[King Herald]

randlemarcus said:

Option E. Tenancy becomes a Statutory Periodic Tenancy, with no fees for you or for the tenant.

Hmm, no option E on the page, not sure what it means either. We have an agent who runs the whole show for us because we live on t'other side of the world. They just send us stuff to sign every now and again.

ps. I'm not sure where the 'eat tenants' bit comes from in the thread title.

[King Herald]

We pay a set 12% rate, no extra fees for drawing anything up. I might give them a phone call, see what they say, and I'll mention this automatic 1 month rolling statutory period.

[King Herald]

As per my original question, what exactly is this 'Break option'?