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Rolling Tenancy Agreement Uk

If you are looking for a flexible rental agreement in the UK, a rolling tenancy agreement may be just what you need. A rolling tenancy agreement is a rental agreement that allows tenants to stay in a property on a week-to-week or month-to-month basis without committing to a long-term lease. It is also known as a periodic tenancy agreement.

Here are some key things you need to know about a rolling tenancy agreement in the UK:

1. No fixed term: A rolling tenancy agreement is a tenancy agreement without a fixed term. This means that the agreement continues to roll on until either the tenant or the landlord gives notice to end it.

2. Flexible: A rolling tenancy agreement is perfect for those who want to have a flexible arrangement with their landlord. It allows tenants to leave the property with just one month`s notice, making it ideal for those who move around often or who are unsure about staying in one place for a long time.

3. Rent increases: In a rolling tenancy agreement, the landlord can increase the rent at any time by giving the tenant at least one month`s notice. However, the increase must be reasonable and in line with the current market rates.

4. Notice periods: When it comes to ending a rolling tenancy agreement, both the tenant and the landlord need to give notice. The notice period for the tenant is usually one month, while the notice period for the landlord depends on the length of the tenancy. For example, if the tenant has been in the property for more than six months, the landlord must give two months` notice.

5. No deposit protection: Unlike fixed-term contracts, rolling tenancy agreements are not covered by the deposit protection schemes. This means that landlords are not required to put the tenant`s deposit into a government-approved scheme.

In conclusion, a rolling tenancy agreement can be a great option for those who want a flexible and adaptable rental agreement in the UK. As always, it is important to read the agreement carefully and make sure you fully understand the terms before signing anything.