Assured Shorthold Tenancy Agreements | lettingaproperty.com

Assured Shorthold Tenancy Agreements

An Assured Shorthold Tenancy Agreement is a legally-binding document which is all you need to let a furnished or unfurnished house or flat in England or Wales.

What information is in an Assured Shorthold Tenancy Agreement?

Our Assured Shorthold Tenancy Agreements contains the following information:

A. DETAILS OF THE TENANCY
a. Parties - Who is the Landlord and who is the Tenant?
b. Property - What are the details of the property to let?
c. Price - What is the agreed rent payment for the property, how is it to be paid and at what intervals?

B. THE FORFEITURE CLAUSE - This clause will state how the landlord can gain back the property at either the end of the agreement or on breach of a tenant's obligations and is sometimes referred to as the right of re-entry clause.

C. THE DEPOSIT CLAUSE - New changes to the regulations regarding deposits came into force in April 2007. The Tenancy Agreement will contain the following prescribed information:
a. The Amount of the deposit
b. Who will be holding the deposit
c. How will it be held
d. What it is held against
e. Whether interest will be earned and who will receive it
f. Conditions for the return of the deposit
g. What happens if there is a dispute

D. TENANTS OBLIGATIONS - In this section the Tenancy Agreement will outline the Tenant obligations such as "paying the rent" on time and in full!

E. LANDLORD OBLIGATIONS - In this section the Tenancy Agreement will outline the Landlord obligations such allowing "Quiet Enjoyment" of the property and "maintaining the property" in line with current property regulations.

F. ADDITIONAL CLAUSES - In this section the Tenancy Agreement will outline additional clauses such as a "no-smoking clause" or "maintaining a septic tank" clause.

G. BREAK CLAUSES - In this section, you will be able to specify whether a break clause of 6 months can inserted into the tenancy agreement allowing both parties the flexibility of ending an agreement before the end of a fixed term.

How to complete an Assured Shorthold Tenancy Agreement

  • Register, Sign in and add your tenancy agreement to your shopping cart and checkout
  • Once you have entered your tenancy details, print off two copies of the agreement
  • Ensure that both copies are signed by the landlord and Tenant
  • Send a signed copy to your tenant.

What to do with the Tenancy Deposit

New rules regarding deposit were introduced in April 2007. All deposits for all new Assured Shorthold Tenancy Agreements must be lodged within a Government-authorised Tenancy Deposit Scheme.

In order to prevent any financial disputes, the landlord should always provide details of the chosen deposit scheme to the tenant within 14 days of receipt of the deposit.

Further information regarding Tenancy Deposits will be highlighted on the agreement.

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