Tenancy at Will
What is a tenancy at will?
If the landlord and tenant have a rental agreement that permits either party to end the agreement at any time without giving notice, this is known as a tenancy at will. These kinds of agreements do not have a specific time frame for their duration and can be formal or informal. In most cases, a tenancy at will serves as a temporary extension when an existing lease expires.
Things to Consider
- As stated above, a tenancy at will can be ended at any time by either the tenant or the landlord therefore it is a fairly easy procedure to end the tenancy.
- Tenants in tenancy at will are not entitled to security of tenure, so they cannot stay in the property after the agreement expires. This can be less advantageous for a tenant.
- Unlike a regular lease which can be assigned, a tenancy at will cannot be assigned to a third party.
- A tenancy at will is often used while the landlord and tenant negotiate the terms to a new lease after the end of an old one and therefore serves as a good temporary solution.
- Statutory Our solicitors will be able to help you out with any queries you may have in relation to a tenancy at will and will be able to advise you on all matters prior to signing a contract.
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