How much notice required to give landlord on vacating at end 1yr fixed term lease?

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mdina2106

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I have searched online for the relevant information but I'm more confused than ever now. We are coming to the end of a one year fixed term lease agreement at the end of the month. We had intended on staying on however on asking letting agency if we could renew the lease for a shorter period instead of the required 12months (we are looking to purchase a property) it seemed to be a big deal & informed us the rent was going up! It is now 6 days since we requested this & no decision made yet.
We have now decided to move to another rental as it's much cheaper and they are happy with a shorter lease. How much notice if any, are we required to give the letting agency that we will be vacating? We have paid up to the end of the 12month fixed term which is the 30th June
Thanks in advance
 
There is no standard notice required when ending the lease due to the expiry of the fixed term. Just tell them now that you will not be renewing it.

From the PRTB:
The notice requirements required to validly terminate a tenancy... In the case of tenants, the only exception to these requirements is where a tenant of a fixed term tenancy (e.g. has signed a lease for 1 year) is ending the tenancy on expiry of the fixed term when no formal notice is required.
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mdina2106 said:
We had intended on staying on however on asking letting agency if we could renew the lease for a shorter period instead of the required 12months (we are looking to purchase a property) it seemed to be a big deal & informed us the rent was going up!
Click to expand...

They can increase the rent if they have not done so in the past 12 months, provided the market rent for the property has increased.

They cannot insist on you signing another lease however, and can only terminate the tenancy on certain grounds as you are now on a Part 4 tenancy.

You may be better off staying there if it's only going to be a few months before you buy a property - what you would save in rent you would lose in moving costs by having to move twice in a short period.

Saw your other thread too, a second move means a second deposit risk.
 
>> They can increase the rent if they have not done so in the past 12 months, provided the market rent for the property has increased.

I believe that is slightly inaccurate. Instead of 'provided the market rent for the property has increased' it should say something like 'provided not to a rent above market'. The market rent does not have to have increased; the rent could already been below market; and this is often the case.
 
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