8:48 AM, 24th September 2019, About 3 years ago 10
I would like some advice about the timing for renewal of 6 month leases. I have set up a 6 month lease for 2 separate tenants renting an en-suite room each in our flat. (We keep a 3rd en-suite room there for ourselves when we are in the city and share the kitchen with the tenants).
We would like to renew the lease every 6 months as we plan to increase the rent in 12 months time and do not want the difficulty of having to issue a ‘rent increase’ letter if we carry on with a periodic lease after the first 6 months.
Is 2 months in advance (ie 1 January) the correct time to advise each tenant that we would like to offer a new 6 month lease at the same rent from say 1 March. If the tenant agrees, do we then issue the new lease in January which we and the tenant sign for and date it in January, even though the lease start date is 1 March 2020?
Then again, 2 months before 1 September we would advise each tenant that we would offer a new 6 month lease with the new higher rent amount. If they did not wish to take up the new lease they would then have the 2 months notice to leave?
With our other rentals we usually carry on the lease as a periodic after the first 6 months, but as we were keen to have tenants in quickly (we had just purchased and renovated the flat), we offered the rental at a discount.
Thanks in advance for your help.
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