At the end of the Tenancy | Homefinders

At the end of the Tenancy

How do I renew my contract after the first year?

We will contact you within the last four months of your tenancy to find out if you want to renew your contract. This allows us several months to resolve any requests that you or your landlord have regarding the new agreement. We don’t renew tenancies where there are/have been rent arrears, substantive complaints about anti-social behaviour, or where the property is not being looked after.

When is my deposit returned to me?

At the end of your tenancy we will arrange a check out inspection, the condition of your property will be compared to the inventory provided at check in. Assuming there are no deductions to be made and your final utility bills have been paid, we aim to release your deposit within 7 days. If there are deductions to be made and we need to get quotes or if you dispute the deductions and the TDS scheme we register your deposit with arbitrate, then this can take longer.

What is the Tenant Deposit Scheme?

Under the Housing Act 2004 all deposits taken to secure a deposit must be registered with a licensed TDS scheme. Tenancy Deposit Schemes exist to ensure that your deposit is protected and administered fairly. At the end of your tenancy, if we make any deductions from your deposit that you feel are unfair, you can request that the TDS arbitrate the decision.

What penalties will I incur should I break my tenancy agreement early?

If you break the agreement, unless agreed with the landlord, you will be responsible for the full rent until we find a new tenant. You will also incur a cancelation penalty equal to 10% of the rent for the remaining period. If there is a genuine change of circumstance and you need to move out it is always best to get the landlords agreement. In most cases if we find a new tenant and there is no break in rent payments our landlords are happy to accommodate this.

If I want to serve notice to vacate my property what should I do?

If you have a one year agreement you cannot break the agreement unless agreed by the landlord as well. If you want to move out at the end of tenancy, you can tell us when we contact you to find out if you want to renew your agreement. You have to tell us a month before the end of tenancy that you wish to end the contract. If you don’t want to renew for a full 12 months we can usually arrange for the contract to be extended by a few months, you just need to give us a minimum of one month’s notice of your knew exit date.