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What happens when the term of my lease runs out?

The lease will have a start date referred to as the commencement date of the lease and will be for a term of years.

The fact that the terms of the lease has come to an end does not mean that you have to leave the property. Unless you or your landlord takes specific steps to end the agreement under the lease,  it will simply continue on exactly the same terms.

You do not need do anything unless you receive a notice from your landlord. For the lease to actually come to an end either:

If none of the above have occurred you are still holding over as a tenant and it may still be possible to extend the lease or buy the freehold.

More information you might find useful:

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LEASE is governed by a board, appointed as individuals by the Secretary of State for the Ministry of Housing, Communities & Local Government.