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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

To ask how renters transition to buying a place?

39 replies

Confused500 · 30/12/2021 09:16

My partner and I are in a lucky position to have saved enough for a deposit now.

We are currently renting and each year we sign a new contract (well the same contract we have had) for another 12 months.

Our contract is going to be due to be renewed at the end of January, but I don’t want to lock us is for 12 months. Who knows how long it will take to find a property to buy or how long the buying process after that will take.

AIBU to ask the estate agent for a different contract? Would talking to them deter them from renewing our contract? Could anyone advise, as surely others have been in a similar situation? Thank you

OP posts:
purpleme12 · 30/12/2021 09:52

I think that's unlikely though isn't it
That if she refused to sign a fixed term he'd consequently service notice at the end of the existing tenancy
More likely he'll bide his time on the rolling contact and serve notice when it suits him cos he only has to give two months notice on a rolling contract (if he serves notice at all her might not be planning on it anyway)

Alexahelp · 30/12/2021 09:54

When we did this we signed a new 12 month tenancy with a break clause after six, which fitted in with our timings but gave us and landlord security. Break clauses are extremely common. We ended up with around 3 weeks crossover between flat and our new house which was really handy to get it reasonably ready before we moved in.

MiloAndEddie · 30/12/2021 09:56

We had just signed our new 12 month tenancy agreement when we found our house to buy. We explained to the letting agents what had happened and they said we could still leave at any time but we’d still be liable for the rent. So once we got nearer completion we said we’d be leaving in say November and they started advertising it. We were accommodating with viewings and stuff and in the end had a weeks overlap with the new tenant

Original poster
Confused500 · 30/12/2021 10:37

Did you have to pay for advertising fees etc? Or is it because of the breakout clause that you didn’t have to?

OP posts:
Original poster
Confused500 · 30/12/2021 10:38

@Confused500

Did you have to pay for advertising fees etc? Or is it because of the breakout clause that you didn’t have to?
@MiloAndEddie sorry keep forgetting to tag!
OP posts:
Original poster
Confused500 · 30/12/2021 10:40

@purpleme12 thats what would ideally happen, but then I suppose there’s no guarantee!

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Original poster
Confused500 · 30/12/2021 10:43

@FFSFFSFFS

Of course a landlord can end the tenancy and evict you if they don’t want a rolling contract and you refuse to sign a new agreement!!!

Sure they’d have to go to court if you refuse to leave the property but that’s hardly a good way to behave and it’s not great to have an eviction on your record. And you can be liable for costs.

Lots of mortgage companies don’t allow rolling contracts which is why so landlords don’t agree to them.

Yeah I don’t think we would go down the eviction route, refusing to sign a new agreement would probably lead to that. Hoping that they will accept the proposal
OP posts:
purpleme12 · 30/12/2021 10:45

In my experience most landlords like the rolling contacts

Jessie75 · 30/12/2021 10:48

@Confused500

Did you have to pay for advertising fees etc? Or is it because of the breakout clause that you didn’t have to?
Advertising fees would be absolutely buttons, Advertising fees would be absolutely buttons If they ask you to pay for those asked to see receipts for it because generally speaking they will buy something like 500 ads on Rightmove for £500.
Change123today · 30/12/2021 10:54

Ours automatically went into a rolling contract after the first year. We still had to sign a ‘yearly’ contract but it meant we had to give 2 months notice. Make sure you put money aside for this (& council tax etc) as obviously anything can happen with buying a house! We gave our notice once signed for. We where long term renters and (once the landlord went into the flat without our permission to show someone round!) he quickly allowed us to terminate the contract early!

Original poster
Confused500 · 30/12/2021 10:57

@Jessie75 I see, not too horrendous, but an annoying additional cost nonetheless!

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Jessie75 · 30/12/2021 10:59

[quote Confused500]@Jessie75 I see, not too horrendous, but an annoying additional cost nonetheless![/quote]
Agreed, It’ll all be worth it in the end though

londonrach · 30/12/2021 11:00

We just went into a rolling contact..we talking to estate agent..who spoke to landlord who was lovely and very kind...

Original poster
Confused500 · 30/12/2021 11:10

@londonrach

We just went into a rolling contact..we talking to estate agent..who spoke to landlord who was lovely and very kind...
We haven’t seen or dealt with the landlord much, but they seem nice enough Smile Last year we had an electrical household item replaced, and the electrician said they went for the better option rather than the cheaper option which was nice of them.
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