I am renting a room in London to an agency, and we have a Licensor/Licensee relationship ("Licence to Occupy on Short Term Basis"). I had an initial 3 month contract, that I am renewing for 6 month.
There is a termination fee of £75, a renewal fee of £50 and an initial fee of £150.
However after asking them today if there is a fee for early termination, which I could not find on the agreement, I received this answer:
As we don’t allow for early termination there is not anything contained in the agreement that refers to it.
What we do allow is for you to find a replacement to takeover your term for at least the duration of your contract at the rent and deposit you agreed at. You are free to use any means necessary to find a replacement e.g. advertising on spare room etc. they must take the room at the rate you took it at. Once you find a suitable replacement then you pass their details on to us and we take it from there. Please be aware that you are liable for your room until a new contract is in place.
- In practice, since this is not in the agreement, is this enforcable?
- If yes, is it because our contract if between a Licensor/Licensee and not landlord/tenant?
- Should I ask for a different contract if I plan to stay for a longer time (is there a legal meaning of "Short Term")?
Note: I am new to the UK, and never studied law