AST versus statutory periodic tenancy

You are here : Member Forums Tenancy Types and Management AST versus statutory periodic tenancy
This topic has been locked as no posts have been made within the last 90 days.
M
Member
3 Posts
0 Thanks
A prospective tenant wants to rent long term (last place was 8 years). That suits me but I'm doing the AST for 12 months in line with my mortgage rules.

My query is what is best to do at the end of 12 months? Should I re-do an AST for another 12 months (and every year after) or just let it lapse into a statutory periodic tenancy? What are the pros and cons?

I imagine every couple of years it's safer to re-do an AST just to keep up with legal changes but every year seems a bit extreme and I don't want to make the tenant feel they might be kicked out after 12 months as I do want them long-term.

Advice appreciated.
14/07/2016 11:20

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Landlord & Investment Show
Martin Co
Six Hills House
Landlord Broadband

Share this page