UK Landlord Forum / Life

As a future landlord, I just wanted to see if I understood these terms correctly.

Essential both these types of tenancy would come into effect after the AST is over be it 6 months or 12 months. The contractual is pre agreed at that start of the original AST whereas Statutory will come in to effect if no fixed tenancy agreed and hence the contract rolls on month to month.

I presume the benefit of this is that technically an agreement is renewed, so you wouldn't have to pay letting agent's renewal fees.

How would you deal with rental increases with statutory agreements.

Which type of tenancy do you prefer and why.

I await your sage comments.

I don't use an agent. 6 months fixed then periodic.

I tell the tenants there is a rent increase and they pay.

Agent will want contract renewals to get money out of you.

Quote from: Riptide on October 23, 2023, 03:19:49 PMI don't use an agent. 6 months fixed then periodic.

I do use an agent, and I also use six months fixed then periodic.

I might consider six months then continuing.
But the government has said that it will remove any fixed or initial terms anyway, so it's probably academic.

Quote from: jpkeates on October 23, 2023, 03:55:00 PM

Quote from: Riptide on October 23, 2023, 03:19:49 PMI don't use an agent. 6 months fixed then periodic.

I do use an agent, and I also use six months fixed then periodic.

I might consider six months then continuing.
But the government has said that it will remove any fixed or initial terms anyway, so it's probably academic.

But you know what's what. A new LL will be told its normal practice. Tenants also seem to have been conditioned in this way.

Would you have to amend the original agreement as and when new stipulations in the rental market occur?

Quote from: jpkeates on October 23, 2023, 03:55:00 PMBut the government has said that it will remove any fixed or initial terms anyway, so it's probably academic.

https://bbc.co.uk/news/uk-politics-67187411

The government is still going ahead with the rest of the bill, which had it's second reading yesterday (so it goes to committee next).

The section 21 abolishment is also still part of the bill, the government has agreed not to implement it immediately (which is a procedural trick they've used before), which will make it much easier to pass.