Novation agreement

Novation Form

If you live in a property managed by Purple Fog, please use this form to let us know that you are intending to move out before the end of your contract and would like someone to take over the room.

(Please note, if the property is not managed by Purple Frog, speak to your landlord, if you wish to move out before the end of your contract.)

Filling in the form is not the Novation itself. Please read the information below, so you are aware of your obligations.

You are liable for the rent until a Novation is confirmed as complete by Purple Frog. Please do not give your keys out to any new tenants directly.

Fields marked with * are required.

Page one of the form is for your details, including the address and postcode of your tenancy.

The Novation date will be the day that the Novation is effective from. This means the day the replacement tenant can move in and the paperwork will need to be complete by.

A Novation can only take place during office hours (not weekends) and you must give us notice of at least five working days that it will take place.

If you haven't found a replacement yet and are looking to move out asap, please select a date at least one week in the future to allow for everything to be completed.

Please remember that:

• You are best placed to find a replacement through your social media and university connections
• It is your responsibility to find a replacement tenant (we can help, but this doesn't transfer the responsibility to us!)
• The new tenant needs to be a like-for-like replacement
• Your housemates and landlord all need to agree to accept your replacement and sign the paperwork, too
• You are responsible for your rent until the new paperwork is completed and you have had confirmation of this
• You should not give keys out to a new tenant (you'll still be liable for the rent until the paperwork is signed)

Page two of the form is where you can add information about the Novation, such as contact details for your replacement, or let us know that you are looking.

Further information

*Please note that there is an admin charge for a Novation.

Tenancies signed before 20th May 2019

Before the tenancy has begun:
£100 per tenant – if you find a replacement tenant.
£150 per tenant – if we find a replacement tenant.

Once the tenancy has begun:
£200 per tenant – if you find a replacement tenant.
£250 per tenant – if we find a replacement tenant.

Tenancies signed after 20th May 2019

£50 per tenant – if you find a replacement.
£50 admin fee, plus a fee of 50% of the monthly rent or a minimum of £250, per tenant – if we find a replacement tenant.

If you select 'Yes, please can you help' you are agreeing to the additional fees. You will only pay this advertising cost if we find a replacement tenant for you. We will only charge the admin fee once the Novation has taken place.

By completing this form you agree that any fees due to Purple Frog for administering the Novation or finding a replacement tenant can be deducted by the landlord or Purple Frog from any monies held on your behalf by the landlord or Purple Frog.

Please fill this section in, if you have found a replacement

Don't forget that everyone on your tenancy agreement, including your landlord, will need to approve any replacement and you will ALL need to sign the Novation agreement on a joint and several tenancy agreement in order for it to be valid.

Please make sure you have read and understood all of the information about Novation agreements. If you're not sure, ask us!

We'll keep these details private.