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This will save people entering into a new tenancy an average of £350.
In Bristol the average rent for a new tenancy rose from £767 to £904, an increase of 18%.
Others waiting for a home will have even less opportunity to secure a new tenancy without incurring the penalty charge.
At the same time, he said, a tenant in such a position needs to be very careful about the terms of the new tenancy.
If another tenant can be found at the same or higher rent, a landlord would likely agree to a release and enter into a new tenancy arrangement.
According to HomeLet, the average UK rent for a new tenancy during the three months to September was £995 per month.
Similar(31)
Most new tenancies are classed as assured shortholds.
Since 1989, almost all new tenancies have been "assured shorthold tenancies".
If this is about finding new tenancies offering more security on a voluntary basis, he says yes.
Their rents will be higher and it is not clear how secure their new tenancies will be.
Rental properties, which have a certificate valid for 10 years, have been required on new tenancies after 2008.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com