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TENANCY AGREEMENTS
Lettings
Under the Housing Act 1988
Part
I of the Housing Act 1988 came into force on 15th January 1989.
Most new lettings made on or after that date by private landlords,
who do not live in the same property as their tenants, will be
Assured Shorthold Tenancies. It is essential to enter into a written
legal agreement, if a letting agent is not involved, then a
solicitor should be instructed to
protect both parties' interests.
Assured
Shorthold Tenancies
 This
is the most common tenancy agreement used in
the private rental sector ~ it offers a guaranteed right for
landlords to repossess their property at the end of the agreed
term. Enforcing this legislation takes place through the local
County Court if it is ever needed, it is a fairly
straight-forward and quick procedure.
*A shorthold tenancy must be for a term of at least six months.
*The
tenant must be told that it is a shorthold tenancy prior to commencement.
*At
least two month's notice is required from the landlord to bring the
tenancy to an end.
*Another
shorthold tenancy can be agreed to extend the period of the let, or if the
landlord has not served notice that the tenant must leave, then that
tenant may stay on in the property.
At any time after the fixed term, the landlord may serve two
month's notice to recover possession if he wishes, but the agreement can
continue indefinitely if it suits both parties.
Company Rental
If you are renting property through a company this will need a different
contract to be drawn up.
Rent
Increases
Under a Assured Shorthold Tenancy the landlord will charge
rent for the fixed
term, which should not increase during that term.
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Renting
