Monday 22 April 2013

How to end your tenancy agreement


So you are off to pastures new, but first you must end your tenancy agreement. If you just up sticks and leave without ending it or telling your landlord, you could still be liable for the rent regardless of whether you are still living there. And we’re betting you’re not made of money or fancy paying for a property that’s no longer your home.
So first things first, you need to check your tenancy agreement and ascertain whether it is a fixed term or periodic tenancy.
What’s the difference?
A fixed term tenancy is for a fixed amount of time, usually a 6 or 12 month period. Whereas a periodic tenancy covers an ongoing period of time and rolls from week to week or month to month. This also applies to a fixed term agreement that has passed its fixed term date of 6 or 12 months and you haven’t been asked to sign a new fixed term tenancy.
What happens next?
With a fixed term tenancy you won’t need to give notice if you leave on the last day of the fixed term. If you need to leave earlier than this then you should talk to your landlord. They may be amenable to ending the agreement earlier than stated on the agreement. This may also be possible with a periodic tenancy. If not you are required to give at least four weeks’ notice or one calendar month if it is a monthly tenancy.

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