Tenancy Agreements - Are you Properly Protected?
- Date: 2007-07-26 - Word Count: 438
Share This!
Tenancy agreements are the legal way in which a landlord can protect their property and the tenants that reside in them. Tenancy agreements for England and Wales may differ to those in Scotland so it is important that you get the correct one. Tenancy agreements are available for various types of tenancies and property types.
Tenancy agreements should ideally be drawn up by a solicitor. Landlords invest a lot of money in to their investment properties so it is important that they and the tenants are properly protected. With the introduction of the Tenancy Deposit Scheme in April 2006, it should be made clear to the tenants signing the tenancy agreement as to the scheme which the landlord or agent has signed up to and where the tenants deposit will be retained.
Tenancy agreements can be purchased from a number of sources. Some websites offer the ability to download instant editable tenancy agreements which can be tailored to your requirements. It is also recommended that a good inventory be prepared for the property alongside the tenancy agreement. This way the landlord can be sure that the condition of the property is clearly explained on handover to the tenants.
If you are letting your property furnished, make sure you detail every item and the correct condition of the furniture. The décor of the property should also be noted including the colour of the walls and whether matt or gloss paint used. Taking photos to accompany the tenancy agreements is also a good idea and when both parties are agreed they should sign and date the tenancy agreement and the inventory.
Listed below are some of the clauses that may be included in a standard tenancy agreement.
Some of the clauses included in the Tenancy Agreement
- The amount of rent and deposit payable and the term of the tenancy
- Way in which rent should be deposited to Landlord
- Landlord's obligation to insure the building
- Tenant's obligation to pay bills and council tax
- Tenant's obligation to keep the investment property and any garden in good order and repair
- To use the buy to let property for residential purposes only
Even if you are deciding to let your property to friends or close family it is still suggested that you get a tenancy agreement. Regardless of how much you trust someone, it is vital to protect your investment. Imagine you fall out with your friend or family member to discover that all your furniture had been sold via an online auction website. Without a comprehensive tenancy agreement and landlord inventory, you may find you have no recourse! Purchase online AST tenancy agreement for England and Wales today.
Tenancy agreements should ideally be drawn up by a solicitor. Landlords invest a lot of money in to their investment properties so it is important that they and the tenants are properly protected. With the introduction of the Tenancy Deposit Scheme in April 2006, it should be made clear to the tenants signing the tenancy agreement as to the scheme which the landlord or agent has signed up to and where the tenants deposit will be retained.
Tenancy agreements can be purchased from a number of sources. Some websites offer the ability to download instant editable tenancy agreements which can be tailored to your requirements. It is also recommended that a good inventory be prepared for the property alongside the tenancy agreement. This way the landlord can be sure that the condition of the property is clearly explained on handover to the tenants.
If you are letting your property furnished, make sure you detail every item and the correct condition of the furniture. The décor of the property should also be noted including the colour of the walls and whether matt or gloss paint used. Taking photos to accompany the tenancy agreements is also a good idea and when both parties are agreed they should sign and date the tenancy agreement and the inventory.
Listed below are some of the clauses that may be included in a standard tenancy agreement.
Some of the clauses included in the Tenancy Agreement
- The amount of rent and deposit payable and the term of the tenancy
- Way in which rent should be deposited to Landlord
- Landlord's obligation to insure the building
- Tenant's obligation to pay bills and council tax
- Tenant's obligation to keep the investment property and any garden in good order and repair
- To use the buy to let property for residential purposes only
Even if you are deciding to let your property to friends or close family it is still suggested that you get a tenancy agreement. Regardless of how much you trust someone, it is vital to protect your investment. Imagine you fall out with your friend or family member to discover that all your furniture had been sold via an online auction website. Without a comprehensive tenancy agreement and landlord inventory, you may find you have no recourse! Purchase online AST tenancy agreement for England and Wales today.
Related Tags: property, england, rental agreement, landlord, tenant, inventory, wales, tenancy agreement, ast, assured shorthold tenancy
Your Article Search Directory : Find in Articles
Recent articles in this category:
- Work Cover Lawyers Help Workers Favored In New Contingency Agreement
Were you ever given a small amount of compensation after having been injured on your job? Have exper - Florida Last Will And Testament Information
A person who is at least 18 years of age can complete a Florida Last Will and Testament and is refer - Florida Durable Power Of Attorney Information
A Florida durable power of attorney is a legal document that designates a person to act on behalf of - California Power Of Attorney Information
In California any adult person who has the ability to enter into an agreement can complete and sign - Criminal Lawyer
Sexual assaults are increasing with alarming frequency and everyday there are news reports about var - Fort Lauderdale Foreclosure Lawyer Explains, Foreclosure Is Not Your Only Option, You Have A Choice
Foreclosure has been one of the foremost topics within the real estate world in recent years, as eac - Should You Make A Personal Injury Claim?
Personal injury claims now gain wider exposure than ever before, yet many people are still unaware o - Mesa Bankruptcy- Regain Financial Stability
Are you drowning in overwhelming debt? Is it causing you mental, emotional and physical distress? Ta - How Bankruptcy Can Help You Financially Start Over With A Clean Slate
Fed up with debt? Desperately want to be free from the unbearable problem? If yes, then you should n - Major Yasmin Birth Control Side Effects
Yasmin is a popular form of hormonal birth control that has been heavily marketed, especially to you
Most viewed articles in this category:
- Be Aware of Single Owner LLC Tax Problems
One of the more popular business entity choices these days is the limited liability company. If - 14 Tips on How Parents Who Have a Child with a Disability Can Organize Their Estate
Copyright © 2007 L. Mark Russell As a general rule, parents should keep their original document - IF OUR PETS WERE REALY OUR "MINOR CHILDREN" MOST OF US "PARENTS" WOULD BE IN JAIL FOR CHILD NEGLECT
As a pet owner, do you need to have a pet trust or will in your estate plan? Well, maybe so, given - The Last Will And Testament - A Model NOT To Live By
The death of Anna Nicole Smith has at least one valuable outcome, even if it is simply serving as a - The British Constitutional Reform Act
The Constitutional Reform Act of 2005 changed the British hitherto unwritten constitution by in - Patented Drugs
While a drug or process is under patent, other companies are wary of working anything even remote - Divorce and Debt
As common sense and statistics tell us, the leading cause of marital discord is money. Therefore - The Misunderstood World of Corporate Minutes
The corporation is the most used form of business entity in the United States. While many people - Attorney for Legal Services
All of us hire lawyers at one point or the other. People get sued, arrested, charged for a crime, - Should Parents EVER Leave an Inheritance Outright to a Child who has a Disability?
Copyright © 2007 L. Mark Russell There are few absolutes in estate planning, but this is one. I