Q: We have an Assured Short Hold Tenancy Management Rent for a period of 12 months, and the agreement specifies no notice periods. Does this mean that we can only move at the end of 12 months or have a statutory notice periods in this case? We are renewing for another 12 months starting in June and although we want to stay at the moment, I would not like to be tied for long without an opportunity to learn more. Any suggestions on what to put in the new agreement, or we can leave it as is?
You can break the AST at any time but you have to pay the agency re-advertising fees and are liable to pay the rent until a new tenant has moved in.
edit: oops typed at the same time as Olly – just he was quicker.
If there is a break clause it will state that you can move out after a certain time i.e. 6 months, as long as you find other tenants who can pay the rent in your place.
This means you have to:
1. give your landlord written notice that you want to move out after that time period
2. then find other tenants to take your place
3. the landlord must approve the new tenants before you can move.
If you don't sign another contract you move to a periodic tenancy. This means you must give one full months notice to move out, and your landlord has to give you two months full months written notice if they want you to move out. Your notice doesn't have to be in writing but should be if you have a deposit involved.