Fixed term tenancy lapsing into periodic tenancy - change in rent

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    Fixed term tenancy lapsing into periodic tenancy - change in rent

    My parents have rented out a house for a 12-month term through an agency. They are happy with the tenant and want the tenancy to lapse into a periodic tenancy when the 12-month term expires. They no longer require the agent to manage the house and are going to reduce the rent that the tenant pays.

    I understand that when a fixed-term tenancy lapses into a periodic tenancy all the terms of the original contract are applied to the new tenancy (save for the length of the tenancy). So, (i) will my parents have to wait until the periodic tenancy starts before they can lower the rent (eg 1 month into the periodic tenancy), or (ii) can the new lowered rent be implemented on the first day of the periodic tenancy (1 month's notice having been given by my parent - ie 11 month's into her initial 12-month term). The house is in Northern Ireland.

    Thnks

    #2
    Check contract with agent, they may entitled to their % even if not used.
    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

    Comment

    Latest Activity

    Collapse

    Working...
    X