Renewal Fees

Renewal Fees

When your first tenancy period is complete it defaults to a rolling contract, but nothing safeguards your interests better than renewing onto a revised contract for the next year.

The best assurance you have of a secure, long-term, investment is to renew with a new fixed-term tenancy. This reassures your tenants(s) that they have the security of their home for another year. It also affords you another year’s income from a tenant you already know and trust. Renewing the tenancy also allows you to review your rent if the property’s value has improved. It gives you the opportunity to update the terms of the contract, renegotiate any minor matters with your tenant to maintain a trusted occupant for a long-term rent, and make sure the new contract is watertight with any new changes in legislation.

Alternatively, you can allow the tenancy to freely default onto a rolling contract. This gives you more freedom to give your tenant notice should you need the property back. However, your tenant gains the same freedom and may leave within the coming year. You also lose the opportunity to increase rents or make any changes to the contracted terms.

Your Tenancy Renewal is included as standard when you are part of our Fully Managed Service.

Back to Compare Our Services

Take the first step to renting your property

Simply enter your details below and we’ll be in touch!

    Comments are closed.

    Customer Reviews

    4.5 106 reviews

    • Avatar Sue Norris ★★★★★ in the last week
      If you are thinking of selling your house we cannot praise everyone at MorfittSmith enough. A truly First Class Service from all concerned and nothing … More was too much trouble. We cannot thank them enough.
    • Avatar Graham Parkin ★★★★★ 4 months ago
      If you need to let your property then we highly recommend you consider using MorfittSmith Estate & Letting Agent. We recently engaged their services … More to let our property and the whole process was very efficient. The staff are friendly and guided us through everything. They were quick to reply to emails and telephone calls no matter what our query or concern. Finding the right tenant for us (and the property) was clearly their main aim and they did not disappoint us. Thank you MorfittSmith, your customer service was excellent.
    • Avatar Lauren Szabo ★★★★★ 2 months ago
      We were quite urgent with trying to find a lettings property and stuck with trying to find somewhere that met needs. Both Emma and Tom from the team were … More so helpful in consolidating what our requirements were, suggesting a specific area and providing us with quick viewing dates where they could. A very well informed, professional and friendly agency

    The latest from our socials

    Take a sneak peek.

    This incredible Crosspool Penthouse apartment is now available exclusively from MorfittSmith.

    In celebration of the Queen's Platinum Jubilee, we will all be observing the bank holiday.

    The office will be closed on Thursday and Friday.
    It will re-open on Saturday 4th June.

    Have a wonderful holiday, enjoy the sun and celebrations, and we will see you all soon.