Tenancy Question

[Farmer Jones]

Asking for a friend.

Friend has been a tenant for more than 15 years in the same property.
In May this year the landlord increased the rent (as per their usual annual rent review) and this time issued a new tenancy agreement. The new tenancy agreement has no exit clause for the tenant (previous ones had an exit clause such that the tenant could give a months notice after two months...) The new agreement appears to keep the tenant to a 12 month period.

My friend (the tenant) wants to leave the property for a new home which is more economically viable.

Is the new agreement "legal" in as much as it doesn't have an exit clause ?

I would have thought with the current rental market being so buoyant a new tenant will be easy to find, therefore the land lord would not be out of pocket...does this lead to a negotiated out come ?

Any help & advice most helpful.

Thanks

[atticus]

Is the new agreement "legal" in as much as it doesn't have an exit clause ?

Yes. It has an end date. Has your friend signed this new agreement? If so, I presume that he read it first.

[islandgirl]

If it is for a year the tenant is bound for a year. However if they are struggling the LL may negotiate an exit which suits both parties.