Hi,
I started renting out my house in 2014. The initial lease was for 12 months. This tenancy was registered with PRTB.
In 2015 towards the end of the fixed term, the tenants asked for another fixed lease for 12 months (presumably as they wanted some security of tenancy). I agreed to this. I did not register this tenancy as the tenants etc.. were the same.
Questions:
- Should I have registered a new tenancy for the second fixed term?
- For the purposes of part 4, does giving a new fixed term reset the 4 year clock (as it was at the time) for part 4?
Thanks!
I started renting out my house in 2014. The initial lease was for 12 months. This tenancy was registered with PRTB.
In 2015 towards the end of the fixed term, the tenants asked for another fixed lease for 12 months (presumably as they wanted some security of tenancy). I agreed to this. I did not register this tenancy as the tenants etc.. were the same.
Questions:
- Should I have registered a new tenancy for the second fixed term?
- For the purposes of part 4, does giving a new fixed term reset the 4 year clock (as it was at the time) for part 4?
Thanks!