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Tenancy Agreements

Assured Shorthold Tenancies

A tenancy agreement is a legally binding contract between the tenant and landlord. It allows a tenant to live in a property as long as rent is paid and legal terms and conditions of the tenancy are adhered to.

The most common form of tenancy is an Assured Shorthold Tenancy (AST) and is usually in the name(s) of an individual. A tenancy can’t be an AST however if the rent is more than £100,000 per annum or it is a business/company tenancy.

What should be in a tenancy agreement ?    

the names of all people involved

the rental price and how it’s paid

information on how and when the rent will be reviewed

the deposit amount and how it will be protected

details of when the deposit can be fully or partly withheld (for example to repair damage you may cause)

the property address

the start and end date of the tenancy

any and all tenant or landlord obligations

whether the tenancy can be ended early and how this can be done

who’s responsible for minor repairs (other than those that the landlord is legally responsible for)