Renting a home is not as easy as it may seem. Well, there are a lot of things you need to know, especially in terms of your rights and responsibilities as a tenant. In this post, we are going to talk about renewing your private tenancy. After you find great homes Brighton, for instance, and have chosen one that you will rent, you will sign a tenancy agreement with the landlord. Now, if you’ve reached almost the end of your tenancy and you still want to stay, it is possible to sign another fixed term agreement with the landlord, or you could also opt for a rolling contract.
What are your options at the end of your tenancy?
If you’ve got an assured shorthold tenancy, it means that you should rent the property for at least six months to a year. Before this term of your tenancy ends, you will have to decide what you want to do next. Your options include:
Signing a new fixed term tenancy agreement
Entering a new fixed term agreement offers you more security. In a fixed term, a landlord cannot raise the rent anytime or evict you during the term.
Negotiating tenancy renewal fees
It is possible for your landlord to ask you to shoulder the renewal fee if you opt to renew your contract. You may negotiate with your landlord and ask if this fee can be waived. Your landlord will likely choose to have you stay than to spend on advertising for those who want to find great homes Nottingham.
Moving to a rolling tenancy
If you choose not to sign a new tenancy agreement, your agreement will automatically become a periodic tenancy or rolling agreement. Periodic tenancies shall continue rolling on every month or even every week based on how often you pay your rent.
Increase in rental fee
If you should decide to renew your contract, it is possible for your landlord to increase your rent. In this case, all you can do is negotiate with your landlord and ask if the increase could be lower. If your landlord refuses to lower the rent increase, this will be bad news for you. In fact, your landlord may even order that you leave the property. If your landlord wants you to leave, they must give you enough time or notice.
If you decide that you want to move out, you have to make sure that you properly end your tenancy. This way, you may avoid any kind of misunderstandings with your landlord. And before you enter any tenancy agreement, be sure to find great homes Leeds with the best rates. Check out ratedrents to know the current rental rates in various parts of the UK.