What happens at the end of a shorthold period
Assuming you are happy for your present tenant to remain you have two choices. You can either offer another fixed term contract and both parties, assuming they agree, will be bound by those terms for that period.
Alternatively you can let the present tenancy roll on (Periodic tenancy)
By issuing a new shorthold the landlord gains the security of another fixed term but may incure additional administrative costs & will not be able to regain possession of the property until the end of the fixed period. In addition some agents may charge the tenant an additional fee. This can annoy tenants who may be less willing to renew next time.
By creating a periodic tenancy (allowing the tenancy to roll on) reduces costs and can make it easier for landlords to gain possession should they wish to.
Related Pages (2)
- Private rented housing
Information about private rented housing in North West Leicestershire
- Find a privately rented home
A list of privately rented properties where the landlord is willing to consider tenants in receipt of housing benefit.