The agreement that we use is referred to as an Assured Shorthold Tenancy agreement. This was first created under the Housing Act in1988. Many different legal firms have approved this form of contract, but we still recommend that you have your own solicitor vet the document on your behalf. By signing the agreement you are undertaking several legal obligations and you cannot come back later and say you did not understand what it meant!.
Duration of the Tenancy
An agreement will usually be for a period of between 6 and 12 months. Our normal minimum period is 6 months but this can be altered on occasions. Providing the tenancy has been conducted satisfactorily, and if your Landlord is prepared to re-new your tenancy at the end of the initial fixed period, you will be offered an opportunity to re-new the agreement. This is normally as a periodic tenancy or a new tenancy agreement that will need to be signed. With a periodic tenancy extension either the landlord or the tenant can give the other two months notice to move out.
Signing of the Agreement
When we contact you to let you know your application has been successful, we will schedule an appointment for you to sign the agreement. This meeting will be at the property, at which time you will also be given a copy of the Schedule of Condition and Inventory, you will pay the balance of the monies outstanding (normally online beforehand) and the keys will be handed over to you. At this time you are then free to move into the property. It is important that all parties subject to the agreement are present for this appointment, as all named adults on the agreement will have to sign it. If they are not present the tenancy cannot start.
Monies to Pay
Before your appointment we will email you to confirm what you need to bring with you to the property when you come to sign the agreement. The balance of the monies is made up of the following, and a break down of what these costs are is found below.
1st months rent; dilapidations deposit (1 months rent + £200) and the documentation fee of £150.
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