I have been asked to renew a 12-month assured shorthold tenancy agreement with my landlord. I’ve had an offer to buy a flat accepted but the conveyancing and legal work is currently ongoing. There is no date for completion, but it’s unlikely to be by the end of July which is when my tenancy agreement ends.
The agreement has a break clause included, but I’d appreciate some advice about when the earliest is that I could trigger it.
The clause is worded as follows:
“Either party may give at least two months’ written notice on the first day of the month to terminate this Agreement. The earliest this Notice can expire is on the last day of the sixth month of the tenancy.”
I read that as saying that the earliest I can give notice is on the first day of the 4th month and that I can leave on the last day of the 6th month. Does this mean I’m essentially financially committed for 6 months if I renew?
Thought or advice appreciated!