We've got a 6 month tenancy with Your Move (DO NOT rent with these bastards, they are evil itself). They want to charge us £114 to renew, and having given them £350 at the initial sign up we're loath to pay it.
Having googled the law on the matter, apparently under section 21 of the Housing Act (1988) we can just no pay the renewal fee, not renew and move onto a Statutory Periodic Tenancy without doing anything.
This has the benefit of us not being signed up to a further 6 month contract and not paying further renewal fees.
What I'm asking is- have we understood this right? Even if we do have to pay a fee for a new contract it'll be an improvement because we can leave whenever we like and let the agents hang instead of staying for a further 6 months.
Thanks in advance.