New AST or periodic tenancy?

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    New AST or periodic tenancy?

    Hi, I have a 5 bedroom property covered by an HMO licence. I have 5 tenants all on the same AST that runs out in June 2021. I am very happy with the tenants and believe they are keen to stay. I'm trying to understand my options and the pros / cons i.e. should I ask them to sign a new AST for a new fixed period, or adopt a periodic tenancy? If the latter, do I need to have an agreement to reflect the change? Any suggestions / comments / advice very welcome and much appreciated.

    #2
    Let the tenancy go automatically into a Periodic state, both you and the T's then have the flexibility to move on if their circumstances changes.

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      #3
      Agreed......

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        #4
        Great, thanks very much for your replies which I really appreciate.

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          #5
          Don't forget that a SPT is a new tenancy, so there will likely be start of tenancy things you need to do.

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