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But a new tenancy is the start of a new contract so a new EICR will be required, that's how I read it.
An inspection must have been carried out before the tenancy starts, but not earlier than 5 years before the tenancy starts.
So it's not saying one has to be done at the point of the new tenancy starting, but that one must have been done previously and must still be valid (ie less than 5 years old)