Hi all, advice please. My tenants have been in the property for nearly two years and I want us to sign a rolling agreement i.e. up until now I’ve had to create a new one every year for us both to sign. I’d like to avoid creating and printing a new set of contracts every year.
I have created a tenancy on here, but I can’t see how to create a contract for me and the tenants to both sign, without signing up and paying for one of the packages which I don’t need. Am I doing something wrong?
You don’t need to do anything. At end of fixed term it automatically becomes a periodic tenancy.
thanks for your reply. I don’t really understand though - basically they moved (in) in Dec 2023. I used the tenancy agreement from the Gov website which I htink was for a 12 month tenancy. I intended (should have) done a new one for the next year but I forgot. So I’m worried now that from Dec 2024 to present, there has been no agreement in place. Hence why I want a rolling one so I don’t need to do a new one each year. The tenants are very happy there and never missed a payment so I expect them to stay indefinately.
So am I still “covered” by the initial agreement that we have both signed, even if it has expired?
Thanks
A fixed term AST will automatically turn into a periodic tenancy at the end of the fixed term, upon the same terms & conditions. You have nothing to worry about. Your contract remains ‘live’.
Ok thanks that’s good to know
This is fundamental stuff for landlords. Can I suggest some training from a landlord association as the consequences of mistakes can be very costly.
What training would I need? That T/A is in place, I stay up to date with boiler service and gas safety checks yearly, and 5 yearly electral certificate. I’ve replaced any appliances that have broken. Just want to know what I don’t know if that makes sense?
That’s the problem. The unknown unknowns. There are over 400 laws and regulations governing this business, covering letting, tenancy management, property management and ending a tenancy. If youre not familiar with most of them, I suggest one the landlord associations fundamentals courses.
there are things we know, there are things we do not know, there are things we know we know and there are things we know we do not know there are things………….
I signed an agreement about 25 years ago , Then let it roll over. The tenant is still there. No problem
Ok, well, here’s one item for starters. If you actually read that very first AST you created, you’ll see that it says that it becomes periodic at the expiry of the fixed term. So, my advice based on this would be to always read and understand the paperwork you are dealing with.
I’m with the others, do the full training if you want to continue in this business for the foreseeable. Things are only getting more onerous for LLs.
I’m not promoting NRLA or these particular courses)
A good starting point is Landlord Starter Pack | NRLA which gives an overview of things LLs need to consider. You may know enough about some things and not about others. For example till I looked at the nrla I didn’t know I had to register at ICO and issue a privacy notice. You are probably fine with tenancy and maintaining and getting up to date epcs and electrical safety and gas safety certificates and boiler serviced, but have you thought about fire risk assessments, making a place child safe if needed or how to get them to leave if you ever did need the property back or what you need to do re Inventories and regular inspections.
Also looking at content of some courses advertised for LLs
https://www.nrla.org.uk/training-academy/course
Also a good blog (I’ve not subscribed to hub so don’t know if the extra resources there are worth the cost) here https://theindependentlandlord.com/
-in particular the new RRB makes some things illegal such as large payments in advance and abolished fixed term tenancies
Good luck
Very helpful thank you