Understand the terms of entering into a tenancy agreement
Entering into a Tenancy Agreement
The tenancy agreement is a legally binding contract enforceable in a court of law for the period to which it relates, so make sure you wish to enter the agreement before signing.
It commits you to pay rent for the minimum period shown on the agreement even if you decide to leave the property before the end of the term. Under normal circumstances our tenancies are the Assured Shorthold type. You can request a sample copy here.
What Happens After the Initial Period?
After the initial fixed term has expired the tenancy will continue in place if neither side has given notice. After the initial fixed term expires the tenancy becomes a Periodic Tenancy in which the tenant can give one month’s notice which should date from on (or before) a rent payment due date, and the owner can give two months’ notice to the tenant. The tenants may opt to renew for a further 6 months if they so wish but most people opt to let the tenancy become periodic which requires no action to be taken
A TENANCY AGREEMENT CANNOT BE ENDED WITHOUT ONE OR BOTH PARTIES GIVING THE REQUISITE NOTICE, UNLESS THERE HAS BEEN A SERIOUS BREACH OF THE AGREEMENT.
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