When your Rent Now tenancy ends you have a few options: end the tenancy, sign a renewal contract or allow it to 'go periodic'.
All tenancies created by an OpenRent AST automatically turn into a periodic tenancy if the tenants don't move out at the end of the fixed term. This means there's no requirement to renew your contract for it to remain in force.
We've outlined this and the other options for you below.
1. Ending the tenancy
2. Periodic Tenancies
If you're looking to increase the rent, you can do this by email with the tenants rather than signing a renewal or new AST. As soon as they agree and pay the first installment of the increased amount, that becomes the new rental amount. The rest of the AST remains in force as before.
Since the Deregulation Act (2015) has come into force, there is no need to re-protect the security deposit or serve additional prescribed information as long as the deposit was properly protected when the tenancy was arranged. The deposit remains protected, and the tenancy remains between the same parties and for the same property.
If you have already set up a tenancy through us, then your entire current contract is visible at any time via our website.
3. Renewing Your OpenRent (Rent Now) Tenancy
You can sign a new fixed-term tenancy with the same tenants if you're in the last two months of your tenancy. This is completely free.
To do this through OpenRent:
- Go to 'Tenancies'
- then 'View Tenancy'
- and then 'Click to show Renewal Options'.
This will issue a new contract to the tenants and guarantors.
First they sign, followed by the landlord. The deposit will remain in the landlord's DPS account and we'll re-issue the How to Rent guide and the Prescribed Information about the tenancy deposit.
Can I Change the Rent, Guarantors, Tenants, Fixed-Term Length, etc. when I Renew?
When you sign a new AST through us you can change:
- the rent amount
- notice address
- break clause
- tenancy length
- custom clauses
You can't currently change:
- the landlord
- landlord co-signatory
- the deposit amount
- the property address
If you want to change any of this through OpenRent then you would need to set this up as an entirely new tenancy. For help with this please email [email protected]