Assigning a Joint Fixed Term AST?Make Text Bigger
My house is let to four people who jointly signed a 12 month fixed term AST last June. One of them now wishes to leave and will find a suitable replacement tenant – subject to references being checked by my agent.
The agent wants to tear up the existing contract and make a new 12 month fixed term AST. This seems a bad move to me as it delays the next rent review by 6 months and, if the tenancy is not renewed, means that I shall be looking for new tenants at the most difficult time of the year.
Is there any reason that the departing tenant cannot assign the existing tenancy to the incoming tenant?
The Agreement says that it cannot be assigned without my permission, so that’s not a problem.
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