Basically, a Tenancy Agreement is a contract that serves as an Assured Shorthold Tenancy between a Tenant and a Landlord, with all stipulated terms and conditions about their rental agreement.
There is no need to get a written Tenancy Agreement as long as fixed period tenancy is more than 3 years; in which case it can become Oral Tenancy Agreement. It is, however, strongly recommended that there should be a written agreement so that all terms and conditions can be clarified and used as a proof in case of any dispute.
There are many forms of Tenancy Agreements available, and all of them should consist of following aspects:
- Dates: The exact date when was agreement was prepared
- Landlord Details: It contains all the address and other details about the landlords.
- Tenant Details: It contains all the address and other details about the Tenant(s).
- Property Details: It contains all the address and other details about the property that is being used for renting purpose.
- Term: The starting and ending date for tenancy. Sometimes, this is also called “fixed term”
- Rent: This is referred to as the amount of rent to be paid by tenant to landlord. This may also contain the method and the exact date of payment of rent.
- Deposit: This part contains the total amount of the deposit that need to be deposited, and what are the things that this deposit will actually cover.
- Deposit Scheme: This part consists of Tenancy Deposit Scheme in which the deposit is usually secured.
- Landlord’s Obligations: This usually contains the responsibilities and duties of the Landowners.
- Tenant’s Obligations: This usually contains the responsibilities and duties of the Tenant towards his landlord and property.
- Other Special Provisions: This usually contains other special provisions that are agreed upon between tenant and landlord, for instance pets, sub-letting, and smoking, etc.
- Signatures: It’s mandatory to sign Tenancy Agreements by both the Tenant(s) and the Landlord(s).
- Witnesses: Though it is not necessary legally to have any witness to sign the Agreement, but, it can be very helpful in cases where the signatures can be disputed by Tenant(s) or the Landlord(s).
The exact guidelines for what should be mentioned in a Tenancy Agreement can be found in the Housing Act 1988.
How to Obtain your Tenancy Agreement?
You can obtain a Tenancy agreement by using many sources, or even for free in many cases. However, it’s very crucial to obtain your copy from a trustworthy supplier with up-to-date and completely legal version. We are here to provide you Tenancy Agreements that are prepared by award winning and most reputable professional solicitors. We sell all our Tenancy Agreements at an unbelievably low price of £10.20. Contact us to Buy a Tenancy Agreement right now.