Tenancy Renewal Vs Periodic Tenancy
I am fortunate enough to have a fabulous tenant: Reliable; pays rent on time; takes real pride in the house (really made it her home re flooring; window dressings etc.); advises me immediately if any Landlord repairs are required etc. you get the picture. She has all her family ties in the immediate vicinity and is really keen to remain in the property long term, as am I!!
Anyway, her first AST with me is due to expire at the end of November 2017. I have no intention of increasing the rent and have absolutely no issues with her. It is my intention to renew the lease, but I just wondered what people thought the pros and cons are of renewing the lease, versus letting the current lease lapse into a periodic tenancy.
Your thoughts would be appreciated.
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