Life at university can be a rollercoaster ride, filled with exciting adventures and unexpected twists. But what happens when you need to hit the brakes on your tenancy before the end of the ride? Can you really end your tenancy early? Let's dive into the details with our Advice Service.
Understanding Your Tenancy Agreement
First things first, grab a cup of tea and give your tenancy agreement a thorough read. This document holds the key to your tenancy terms, including any provisions for early termination. Look out for clauses about notice periods, penalties, and any specific conditions for ending your tenancy ahead of schedule.
Your tenancy agreement might include a "break clause" which generally allows a tenant to end their tenancy early, as long as they follow specific instructions. For example, you might only be able to end your tenancy after the first 6 months, and by giving two months' notice.
Advisor Insights
Having a break clause means that your landlord can also end your tenancy early. They don't need to give you a reason why, but they must give you the correct amount of notice. Your tenancy agreement should tell you what the notice period is.
Chat with Your Landlord or Letting Agency
Feeling a bit lost? Don't worry, we've all been there. Reach out to your landlord or letting agency and have a friendly chat about your situation. They might surprise you with their understanding and willingness to help. Plus, being upfront and communicative can go a long way in finding a solution that works for everyone.
Explore Your Options
Now, let's get creative. There's more than one way to end a tenancy early. From subletting to finding a replacement tenant (also known as 'assignment'), there are options out there waiting to be explored. Check our Advice for Renters page for the full details.
Whatever you decide, make sure to double-check your tenancy and get your landlord's permission.
If you live in halls, make sure you speak to your Accommodation Team. They may be able to help you find a replacement tenant, but it would need to be another student who is not already in UCL halls.
Advisor Insights
In our experience, landlords are okay with you finding a replacement tenant, as long as they fit certain criteria, such as being another student. If your tenancy agreement includes your other housemates, then you'll need to check with them as well.
You might not find a replacement tenant quickly, and there is a chance that you might not find one at all. If you want to stay in the property, but something is making you want to leave, speak to our advisors to explore your options in more detail.
Know the Financial Lowdown
Money talk, anyone? Ending your tenancy early might come with a price tag attached. Firstly, you will need to keep paying the rent until a new tenant is found.
You can also be charged up to £50 to transfer your tenancy to someone else, for example, if you find a replacement tenant who then signs a new agreement with the landlord. You can only be charged more than £50 if the landlord can show the change costs them more than this.
Your landlord or agent may also charge you to cover loss of money or reasonable costs from the agent. This must always be evidenced.
Check Out University Resources
Guess what? You're not alone in this. We offer support and guidance for UCL students navigating the world of renting. Our trained and experienced advisors in the Students' Union UCL Advice Service are waiting to lend a helping hand.
If you're looking for legal advice, you also have access to University of London Housing Services
Don't be shy – reach out and make the most of what's available to you.
So, there you have it – your crash course in navigating early tenancy termination. Remember, every situation is unique, so don't hesitate to seek advice if you're feeling unsure. With a little bit of know-how and a whole lot of determination, you'll be mastering the art of renting in no time. Cheers to new beginnings! 🏠✨