Whether renting a house, flat or room in a shared house, provided you do NOT live in the premises, an AST (this agreement) should always be used. Our agreements protect you and comply with the latest Lettings Legislation.
Between - The "Landlord"
The Tenants are hereby notified that notices (including notices in proceedings) must be served on the Landlord by Tenants at the following address.
And The "Tenant " (note that under an AST a maximum of 4 Tenants is permitted)
And (if applicable) The "Guarantor" Where there is a Guarantor, add their full name and address. The signing of this Agreement must then be witnessed
Relating to The "Property" including, if applicable, the Landlord's possessions listed in the "Inventory"
The Property is supplied
HELP Furnished or Unfurnished
For the "Term" of
The "Commencement" - (subject to vacant possession being available)
"Expiry" on (but continuing thereafter by virtue of statute, until notice is given and vacant possession is returned to the Landlord)
The "Administration Fee" for entering into this tenancy is
£ Optional should be no more than reasonable costs of starting the Tenancy, approx £150
The "Rent" is
The "Rent Payment Day" Payable in advance on the
Rent Payment Day
(E.G. 1st Sunday)
The Tenant must pay a "Deposit" of
(Where no Deposit is received write "NIL")
£ amount paid or NIL
The "Deposit Scheme" if applicable is
Select as specified on the Agreement
The "Lead Tenant" Where there is more than one Tenant, the person nominated to act on behalf of you all jointly and inpidually when dealing with the Deposit will be the first named person on the tenancy (in accordance with clause 2.4)
If the Agreement is signed today but commences at a later date then the signing should be witnessed
Payment Obligations and Tenancy Deposits Clause are as follows
These are sections 1 & 2 of 9 of the TENANCY AGREEMENT
Auctions are becoming the norm for BTL investment