The process for renewing a tenancy agreement in the UK can vary depending on the specific terms of the original agreement and the preferences of the landlord and tenant. However, here are the general steps involved in renewing a tenancy agreement:
- Give notice: If either the landlord or tenant wants to renew the tenancy agreement, they must give notice to the other party. This notice period will depend on the terms of the original agreement.
- Negotiate the terms: Once both parties agree to renew the tenancy, they should negotiate any changes to the terms of the agreement. This may include the rental amount, the length of the tenancy, and any other relevant terms.
- Sign the new agreement: Once the terms are agreed upon, a new tenancy agreement should be drafted and signed by both parties. This new agreement will replace the original agreement and will include any changes that were negotiated.
- Protect the deposit: If a deposit was paid for the original tenancy agreement, it must be protected in a government-approved tenancy deposit scheme. The deposit should be transferred to the new tenancy agreement and protected in the same way.
- Provide copies: Both parties should receive a copy of the new tenancy agreement for their records.
It’s important to note that if a tenant remains in the property after the original tenancy agreement expires without renewing or signing a new agreement, they may become a periodic tenant. This means that they will continue to pay rent on a monthly basis, but the terms of the original agreement may no longer apply.
