Accent Lettings & Management

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Three Year Tenancy Agreements

Posted on 16 July, 2018 at 7:40

The government intends to hold a consultation on tenancy agreement lengths, with the proposal setting out the shortest term being three years with a six month break clause.

As it stands, around 80% of tenancies in England and Wales are either six or twelve month assured shorthold agreements; any changes would be significant and have a huge impact on both the tenant and the landlord.

NOT EVERYONE WANTS A THREE YEAR TENANCY.

The proposal brings into question the flexibility that may need to be given to tenants who don't want or need a three year agreement; not everyone has a lifestyle that suits such commitment. For example, students or those who find their family is expanding and need more space , or those who may experience a relationship breakdown.

Not every person renting wants a long-term agreement; research has found that 40% do and 40% don't with 50% being happy with the current situation.

FAMILIES IN RENTAL ACCOMMODATION

The reason for the consultation is the governments growing concern with the number of families facing short-term rental accommodation. Housing Secretary James Brokenshire commented "It is deeply unfair when renters are forced to uproottheir lives or find new schools for their children at short notice due to the terms of their rental contract".

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