eat tenants'12 months with a break option', or .....
Discussion
I just had a tenancy extension mail come thorough, offering us these options:
I can't remember which one I ticked last year either.
- 6 months with a break option.
- 6 months with NO break option.
- 12 months with a break option.
- 12 months with NO break option.
I can't remember which one I ticked last year either.
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.
The agent is doing this so they can charge you fees for "drawing up the tenancy agreement" - and probably your tenants as well.
Despite the fact that it'll roll into a 1 month rolling statutory period automatically.
Do you, or your tenants, need/want/seek a fixed term contract? IF no, then do nothing.
Despite the fact that it'll roll into a 1 month rolling statutory period automatically.
Do you, or your tenants, need/want/seek a fixed term contract? IF no, then do nothing.
dazwalsh said:
Speak with tenant and see what they are happy with, ideally a 12 month contract with no break clause as it puts your mind at ease for another 12 months.
Its very strange that they dont charge a renewal fee, which can easily extend into 3 figures for 5 minutes work.
Bet they charge the tenant....Its very strange that they dont charge a renewal fee, which can easily extend into 3 figures for 5 minutes work.
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