I’m coming to the end of a 12-month fixed term tenancy agreement, which ends in about 6 weeks time.
I had been keen to stay in the property for a while longer (probably months, not years), and had assumed that I would be able to go onto a periodic agreement following the end of the fixed-term contract. Before I took the property on, the letting agent advised that after the initial 12 months, I would go onto a rolling tenancy.
Today, I’ve been told that the landlord wants a TWO-YEAR fixed-term tenancy agreement, following the end of my current one. I was shocked. They are insistent on this. The price will also be increasing, which I was advised might happen, although wondered if they would still go through with it owing to the current climate.
Looks like I have to move. I hope to perhaps be able to buy my own place within the next 2 years and don’t want to be tied down.
My question is, has any one else ever heard of a new fixed-term tenancy being insisted on, which is double the length of the first? I happen to know a couple of people who are landlords and they say this is unheard of.