Notice to Quit NTQ
Renting a property can be a difficult time, aside from finding a home that suits your needs there is also an unavoidable amount of legal terminology to contend with. At WardHorne we strive to make the process as easy and simple as we can which leads us to our new Jargon Buster segment. Each month we will be releasing a Jargon Buster post, helping to break down some of the industry and legal terms that might have left you scratching your head!
This month’s Jargon Buster is all about NTQ or Notice to Quit. Notice to Quit is a term all renters should familiarise themselves with as it refers to the length of time a landlord must give their tenant when they wish to end their rental agreement. The length of NTQ a landlord must give to tenants is 2 months. At WardHorne, when we manage your rental property this is something we can communicate to your tenants directly.
NTQ applies only to the landlord of a property, as a tenant when you rent a property you will sign an assured short term tenancy agreement, this means that by law you are liable for rent payments for a 6-month period. After this 6-month period your rental agreement becomes what is known as a periodic agreement and you can inform your landlord in writing of your intention to vacate the property giving one calendar months’ notice.
We hope this has helped explain Notice to Quit and would encourage you to get in touch with a member of our team if you have any questions about this or any other terms that you are unsure about. We are always happy to help!