6mth contract vs 12mth with break clause

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  • 6mth contract vs 12mth with break clause

    Many LAs are telling me they don't offer 6 month contracts but 12 month ones with a 6 month break clause for both LL and T.

    What's the difference?

    Thanks!

  • #2
    It's to give some flexibility to LL and tnt at six months .Agents like these 12 month contracts with a six month break clause ,cos it enables them to still pick up a 12 month fee. I'm not an expert so wait for a more detailed answer.

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    • #3
      Originally posted by anotherTenant View Post
      Many LAs are telling me they don't offer 6 month contracts but 12 month ones with a 6 month break clause for both LL and T.

      What's the difference?

      Thanks!
      All other things being equal, a 12 month contract with a break clause operable on both sides does indeed give some flexibility to both LL and T. However if you decide you would prefer a 12 month agreement with no break clause or a six month one, then tell the agent that it is you who are employing them and not the other way round. They should do as you instruct. If they refuse, change agents.
      'Pause you who read this, and think for a moment of the long chain of iron or gold, of thorns or flowers, that would never have bound you, but for the formation fo the first link on one memorable day'. Charles Dickens, Great Expectations

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      • #4
        It gives you the opportunity to leave after 6 mths, locks the rent for 6 mths and means you dont need to pay a fee to set up a new ast after 6m. Also dep does not need re protecting. No real downside for a T.
        A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.
        W.Churchill

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        • #5
          Originally posted by mind the gap View Post
          All other things being equal, a 12 month contract with a break clause operable on both sides does indeed give some flexibility to both LL and T. However if you decide you would prefer a 12 month agreement with no break clause or a six month one, then tell the agent that it is you who are employing them and not the other way round. They should do as you instruct. If they refuse, change agents.
          As a general rule, the agent is employed by the landlord, so this seems a bit harsh considering the agents may simply be acting on the landlords request.

          Quite a few landlords do demand a minimum 12 month term.
          If I am offering advice, I am doing so purely because I think I know the answer and would like to help, but... and its a big but, I do occasionally get things wrong, as anyone does.

          So please don't sue.

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          • #6
            Originally posted by mind the gap View Post
            All other things being equal, a 12 month contract with a break clause operable on both sides does indeed give some flexibility to both LL and T. However if you decide you would prefer a 12 month agreement with no break clause or a six month one, then tell the agent that it is you who are employing them and not the other way round. They should do as you instruct. If they refuse, change agents.
            Er, anotherTenant is- it seems- a tenant, not a landlord.
            JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
            1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
            2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
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