There are times you know exactly how long you plan to stay. You’re waiting for your house to get built or you’re working in a new city for a few months. Generally you’re just looking for a home with a plan to stay there until something changes in your life. In these cases the contract you sign will be termless.
A termless agreement means that it has no end date and the agreed upon things are so until you renegotiate. In terms of a rental agreement the landlord is giving you use of a certain home for a certain price you’ve agreed to pay. To renegotiate a contract or end it either you or the landlord needs to give 3 months notice.
In case the landlord wishes to sell the property or raise your rent they need to let you know 3 months in advance. This way if you don’t agree to the changes and plan to move out you have enough time to do so without anxiety.
This goes both ways, if your life changes and you wish to end the termless agreement you too need to let the landlord know, 3 months before. This way the landlord has enough time to find a new tenant without anxiety.
To notify the landlord you have 2 options. Rendin product or good old email.
- In the app or our website you simply choose “I wish to end the contract” and then fill in the dates. Both your landlord and Rendin will get the info and termination documents to sign.
- With email simply remember to notify both the landlord and Rendin, otherwise you’ll keep getting our monthly invoices.
After that you will receive documents to sign to end the agreement.
The law states 3 months notice and that’s something you need to be ready to budget as a worst case scenario. We know that life happens. You get a new job, lose your job, break up and want to move apart or find the love of your life and want to move in together. 3 months can feel like an eternity. In case of special circumstances agreements can be reached if all parties are ready to meet in the middle.
From your side the best thing to do is to give your 3 months notice immediately. Then you have a set date when you can definitely stop paying rent while you work out if you can move it earlier.
Then you can offer compensation to the landlord. Say instead of 3 months rent you pay for 1 month from the date you move out so the landlord has extra buffer time while looking for a new tenant.
You can also help out with finding a new tenant. Maybe you have a good friend or colleague who’s looking for new digs at this very time. Once a new tenant has started their contract and is paying rent you no longer need to.