How does a lease end?
On a fixed term lease the lease will end on the fixed date stated. On a rolling lease the term will end by the giving of notice by either landlord or tenant within the notice period stated in the lease.
At the end of the lease the property’s use reverts to the landlord and the tenant usually has to leave the property with their possessions. Once the lease has been terminated, the property will usually have to be left in the condition it was in at the start of the lease prior to the tenant having moved in.
If both the landlord and the tenant are happy with the arrangement then there is every likelihood that the lease can be renewed and extended for a further similar term. The arrangement can continue on a rolling basis on the same conditions without the need for a whole new document. A landlord will usually draw up a lease extension document. Equally, the landlord may issue a new lease or simply continue with the original one.