new fixed term - what’s in it for me?

[sophielong]

My fixed term ended this month. The tenancy states that it turns into a contractual periodic tenancy at the end of the fixed term.





This morning, I received an email from the agents saying my landlord wanted to “offer” me a new 12 month tenancy with a 6 month break clause for either side for a new rent which is 4% higher.





Now, aside from the fact the rent increase is well below inflation, is there any benefit to me in signing a new tenancy? I can absolutely see what’s in it for my landlord, but I’m struggling to identify what’s in it for me?





I’ve checked Shelter’s website and I note she can’t insist that I sign a new agreement, but I’m just wondering whether there’s any incentive for me to do so?





Any advice would be gratefully received.

[islandgirl]

There is a fee in it for the estate agent! You will have more security of tenure - on a periodic the LL needs to give 2 months notice and you one, I believe. With a fixed term it is harder to "get rid of you" You may also have a fee to pay to the agent. if he/she wishes to. I always let my tenants go to periodic.

[dslippy]

Do you want to be sure of having somewhere to live for the next several months? If so a fixed term gives you that, alomg with an obligation to stay there. If you might want to leave on shorter notice then there is less advantage in getting a new fixed term.