Private Landlord Assured Shorthold Tenancy Agreement

Private Landlord Assured Shorthold Tenancy Agreement

If you`re a private landlord in the UK, you may be familiar with the term “assured shorthold tenancy agreement.” This is the most common type of tenancy agreement used by private landlords and allows you to rent your property to a tenant for a fixed period of time.

An assured shorthold tenancy agreement (AST) gives the landlord the right to take back possession of their property after the fixed term has ended, provided they give the tenant the required notice period. This type of agreement is often used for short-term rentals, such as those lasting six months to a year.

Assuming you have decided to use an AST for your rental property, there are a few key things you need to know:

1. The agreement must be in writing. Oral agreements are not enforceable under UK law.

2. The agreement must include certain details, such as the names of the landlord and tenant, the address of the property, the start and end dates of the tenancy, the amount of rent and how it will be paid, and any other terms and conditions that have been agreed upon.

3. The landlord must protect the tenant`s deposit in a government-backed scheme, and provide the tenant with information about the scheme within 30 days of receiving the deposit.

4. The landlord must also conduct an inventory of the property before the tenant moves in, and both the landlord and tenant should sign the inventory to confirm its accuracy.

An AST can be a great way to rent out your property and generate some extra income. However, it`s important to ensure that you understand your rights and responsibilities as a landlord. By following the above guidelines, you can create a legally binding and mutually beneficial tenancy agreement with your tenants.