End of tenancy and renewals
If the tenancy is a fixed term agreement, most letting agents will determine what your intentions are as well as the tenants', usually two to three months prior to the end of tenancy as part of their service.
If both parties are happy to renew the tenancy, this will typically involve adjusting the rent (up or down), depending on the current market, or as pre-agreed in the original tenancy. However, it is also an opportunity to add or tailor other terms that both you and the tenant agree on.
Should you or your tenant not wish to renew the tenancy, you should check the contract to make sure proper notice is served. Your letting agent will then start working on a new marketing plan for your property and then the process of finding the right new tenant begins again.
If the property is managed, your agent will handle the tenant’s exit, including organising the outgoing inventory and the return of the keys. They will also arrange the release of the deposit minus any agreed deductions. If you have not instructed a managing agent, you will need to arrange this yourself.
Find your local branch
Get in touch with your local KFH branch today to discuss how they can help sell your property.
Arranging a property valuation
Find out how much your property is worth by arranging a valuation.