Shorthold Tenancy Agreement Extension
If you`re a landlord or tenant in the UK, you may be familiar with a shorthold tenancy agreement. This type of agreement is commonly used for rental properties and typically lasts for six or twelve months. However, what happens when the initial agreement comes to an end, and both parties would like to continue the tenancy? The answer is a shorthold tenancy agreement extension.
A shorthold tenancy agreement extension allows for the tenancy to continue beyond the original end date stated in the initial agreement. This can be useful if the landlord and tenant are happy with the current rental situation and want to avoid the hassle of finding new tenants or a new place to rent.
To extend a shorthold tenancy agreement, both parties must agree to the extension and sign a new agreement. This agreement should outline the terms of the extension, such as the new end date, any changes in rent or deposit, and any other relevant details. If the extension is for less than six months, it does not need to be in writing, but it`s still recommended to have a written agreement.
When extending a shorthold tenancy agreement, landlords should be aware that they must also provide their tenants with an updated version of the government`s “How to Rent” guide. This guide outlines the tenant`s rights and responsibilities and must be given to the tenant at the start of the tenancy and any time it is updated.
It`s also important to note that if the tenant`s circumstances have changed, such as a loss of income, they may be eligible for housing benefit or Universal Credit to help cover the rent. Landlords should encourage their tenants to seek out this assistance if needed.
Overall, a shorthold tenancy agreement extension can be a convenient option for both landlords and tenants who are happy with their current situation. By following the proper procedures and keeping open communication, this process can be simple and stress-free.