Quick question to the experienced landlords in here:
My 12 months contract has just finished with my tenants. I can leave as rolling contract Or create another 12 - 18 months contract.
Which is better?? Especially from the legal standpoint??
Thanks
Sam
Will letting it go periodic create a CPT or SPT?
Rolling contracts are generally considered better. They give you & the tenant more flexibility, especially the ability to serve Section 21 eviction if things go pear-shaped.
If the existing contract says it will roll into a contractual periodic tenancy,then no action is required, it already has.
If the existing contract doesn’t say it will roll on, it has anyway but into a statutory periodic tenancy. I believe the only action here recommended is to re serve the current version of the gov right to rent guide.
HI tatemono,
Excuse my ignorance, what is CPT or SPT??
Sam
See Karl’s post above…