At the end of a fixed-term tenancy agreement, there are decisions to be made and a number of deadlines to be met. Your letting agent manages this process for you and ensures everything is completed on timeously.

Starting the Conversation Early

We recommend that our landlords start talking to their tenants about the renewal of their tenancy 8-12 weeks before the end of the fixed term of their current tenancy.

Reviewing the Rent

It’s always a good idea to check what comparable local rented properties are being let for. Based on this information a suitable rent increase can be suggested to reflect current market values. An increase is only suitable if agreed with the tenant before signing a new agreement.

Issuing and Signing the New Agreement

Both parties will agree on the terms and then the new tenancy agreement will be drawn up by the letting agent and signed by both parties. Some letting agents are now carrying out the signing of the agreement by digitising it, which is much faster than previous methods and has the advantage of retaining a copy of both parties’ signatures.

What Happens if the Tenant Rolls to Periodic

As long as the fixed-term tenancy has not come to an end and no new tenancy agreement has been signed, the tenancy will automatically convert into a periodic tenancy (e.g. a month to month tenancy) and the notice period and other terms will be those for a periodic tenancy.

Keeping Notice Periods in Order

Many home owners find themselves managing a property whilst being away from home, so having notice periods and renewal deadlines to remember can often get forgotten. For Letting Agents Bridgwater, visit sykesmoore.co.uk/lettings/letting-agent.

All successful property renewals are managed by the letting agent to keep the good tenants and keep the landlord fully protected.