If your tenant is out of a fixed-term agreement, your property manager will be in contact with them to negotiate for a new lease to be signed. Your property manager will also be in contact with you to discuss your needs and to suggest a lease term to tailor it to market conditions.
Should you wish to enter a new lease with your current tenant, we will use all avenues to ensure that the new lease is signed. We will inform your tenant that by entering a fixed-term lease we can guarantee them security of tenure for that term, where if they remain on a continuing tenancy, we cannot give that guarantee.
In some instances, the offer of a moderate rent increase against a higher one is another inducement that can be made to ensure that your tenant signs a lease and you have peace of mind.