Tenancy agreements are a legal agreement between a landlord and tenant that outlines the terms and conditions of their relationship. These agreements are often signed for a set period, with the intention that the agreement will be renewed at the end of the term. However, in some cases, the tenancy agreement may become periodic.
A periodic tenancy is one that continues without any fixed end date. It can be created when a fixed-term tenancy ends, and both the landlord and the tenant agree to continue the tenancy on a rolling basis. This type of agreement is often referred to as a “rolling” or “month-to-month” tenancy.
There are some key things to keep in mind if your tenancy agreement becomes periodic:
1. Rent Increases
When a tenancy agreement becomes periodic, the landlord may have the right to increase the rent. However, they must follow the rules set out in the original tenancy agreement and any applicable laws.
2. Notice Periods
The notice period required for ending a periodic tenancy will depend on the terms of the original agreement. For example, if the agreement stated that a month’s notice is required, then this will still apply.
3. Renewal
If you wish to renew a periodic tenancy, you will need to discuss this with your landlord. They may request that you sign a new agreement or continue on a rolling basis.
4. Termination
If you wish to end a periodic tenancy, you will need to give the required notice period. This is usually one rental period, but it can vary depending on the terms of the agreement.
5. Security Deposits
If you paid a security deposit when you signed the original tenancy agreement, this will continue to apply to a periodic tenancy. Your landlord should protect your deposit in a government-approved scheme.
6. Repairs and Maintenance
Your landlord is still responsible for keeping the property in good repair. You should report any issues as soon as possible.
7. Insurance
Make sure you have appropriate insurance to cover your possessions in case of damage or theft. Your landlord’s insurance policy will not cover your personal belongings.
8. Communication
It is essential to keep lines of communication open with your landlord. If you have any concerns or questions, don’t hesitate to reach out to them.
9. Records
Keep a record of all correspondence and agreements with your landlord. This will be helpful if any disputes arise in the future.
10. Legal Advice
If you are unsure about your legal rights and obligations in a periodic tenancy agreement, seek legal advice.
In conclusion, a tenancy agreement becoming periodic does not have to be confusing or stressful. By understanding your rights and responsibilities, you can ensure that you have a positive and productive relationship with your landlord. Remember to communicate openly, keep accurate records, and seek legal advice if necessary.