Renewal Bookings Returning Tenants
- This refers mainly to a fixed term tenancy which, following expiration may result in a new tenancy being granted. Particularly appropriate for students who reserve for one year at a time with freedom to leave at he end or return if satisfied with the service and accommodation provided by the landlord or letting agent. Similarly the landlord may not wish to renew a bad tenancy.
- Compare the above scenario with a periodic tenancy - this permits tenants to remain after the tenancy expires without the need to renew. This tenancy is convenient for professionals who may reside for a decade without the need to continually renew and all based on the initial fixed term tenancy.
Published: 11 November 2013
Last Updated: 30 November 2021