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Renewal tenancy agreement

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123 views 2 replies latest reply: 18 August 2017
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Other

Hello,

The renewal tenancy agreement was signed by me and my partner on 20th of July, our current contract ends on 24th of August. There was some unexpected changes due to personal circumstances, therefore one of us has to go back to our country and just one person cannot afford the apartment. My question is whether we have a right or no to cancel the renewal tenancy agreement, especially when it will be valid just after current agreement ends?

I informed the agency 4 days after I signed the agreement, that we will not be able to continue renting the apartment. The agency answered just yesterday with an offer from the Landlord that they will keep full deposit which is £996 and we also have to pay £360 more in exchange for a termination of our tenancy from the date of our choice.

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Tenant

The contract becomes binding at the moment when both signatures are placed. Your changed circumstances, unfortunately, cannot undo the contract. 

Even though the period has not begun, it doesn’t make a signed contract any less valid. 

I would negotiate with the landlord, but ultimately, you might not get a better deal than what you have received.

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Tenant

Unfortunately the contract you have signed is valid. You’re best bet is to try and speak with your landlord and see if you can assign your tenancy agreement over to someone else, which means you will need to find someone for the apartment. Most contracts will say you can’t do this within the first 3 months but if you have a reasonable landlord I can’t see why he wouldn’t allow it as he will still have someone living in the property and paying rent, without the effort or cost of advertising and finding someone himself. 

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