I would like to discuss the pros and cons of the subject as I’m now in a situation when I have to decide whether I, as a tenant, need to choose between AST or PT.
The main advantage of AST for tenants is that it gives some sense of stability. If you are a good tenant you can’t be given either s21 or s8 notices, so you have a guarantee for the duration of the AST.
The main disadvantage is you can incur extra costs if you need to leave before a break clause (if there is one at all).
The main advantage of PT is you stay flexible, and the main disadvantage is you don’t have any protection.
Now, a couple of questions to ask oneself when choosing:
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Do I need a guarantee to stay in my current place and therefore should go for AST? What kind of tenants may need such a guarantee? Is it mostly families with kids or those who really love their location?
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Is it worth paying extra for a yearly renewal of the contract in case of AST?
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Can I still feel safe if I’m a good tenant (no rent arrears, no complaints from anyone) even if I go for a PT?
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Some landlords prefer AST over PT. But is possible to negotiate an AST with minimum penalties in case you need to leave before the end of AST? By minimum I mean for example, an agreement to be able to leave after month 8 of a 12 month AST and only paying a rent for a maximum of two months after you served your notice. (Is this a real and valid scenario, btw?)
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If there’s a letting agency in between, are they likely to push for AST to benefit from the contract renewal, or this is not always in their bets interest?
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Does all the negotiated flexibility you as a tenant requested have to be in the AST?