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An Assured Shorthold Tenancy (AST) agreement is essentially an agreement for residential tenancy whereby the yearly rent is not more than £25,000. Another requirement for AST is that initial fixed term should not be more than a period of 3 years.
This agreement provides an assured tenancy to the landlord, which means that the Landlord has a complete control over regaining the possession of his property after the end of fixed tenancy term. All the requirements and provision for AST agreements are mentioned under The Housing Act 1988 and in the amendments made by the Housing Act 1996. Some of the major requirements are; tenant should be an individual; tenant should be given a separate accommodation, and dwelling of tenant must serve as his principal home or property.
The agreement cannot be considered as an Assured Shorthold Tenancy agreement if landlord rent out his property to a company; or he is receiving very low or no rent at all, or he is receiving rent more than £25,000. Other factors that prevent an agreement from being AST are; if the rented property serves as a holiday home; if the tenancy is provided by the landlord who is actually a tenant in the same property; or the agricultural tenancies with land more than 2 acres; or the tenancies entered before January 15, 1989.
This agreement contains the following clauses;
7. Tenant’s Obligations
8. Landlord’s Obligations
10. Special or Additional Clauses
11. Signature of the Parties
This tenancy agreement is suitable for:
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For Your Total Legal Protection , We recommend the Complete Landlord Pack, which includes:
1. Assured Shorthold Tenancy Agreement
2. Section 21 Notice
3. Multiple Tenancy
4. Standing Order Mandate Form
5. Guarantee Letter
7. Guarantor Agreement
8. Renewal of Tenancy Agreement
9. Letter to Previous Landlord for a Reference
10. Inventory Report
The Complete Landlord Pack is available for instant download in Microsoft Word and Adobe Acrobat PDF formats.Protecting your rights. Instant Download £29.99. Printable.
Our Regular Price: £38.88
Discount Price: £29.99
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