The parties to a tenancy agreement are the landlord and the tenant. The landlord owns the property and allows the tenant to use the property for monetary policy payments called rents. In the case of a private lease, the most common form of rental in England is the Assured Shorthold Tenancy (AST). These leases usually start as fixed-term leases, for which the term is defined from the outset, usually between 6 months and 3 years (but can be up to seven years), as agreed by mutual agreement between the landlord and the tenant. Leases must be established in writing and the lessor must give a copy to the tenant before the lease begins. However, even if there is no formal written agreement, the Housing Act applies. Landlords and tenants cannot evade their obligations by not providing their agreement in writing. A surety is an amount that the tenant pays to the landlord to ensure that the tenant fulfills all obligations arising from the tenancy agreement. The lessor has the deposit for the duration of the tenancy agreement to ensure that the tenant is not late to the terms of the tenancy agreement or that he is damaging the property. If the tenant damages the property (without normal „wear“ or if the tenant has not paid rent, the tenant is allowed to recover the deposit. As a general rule, the tenant must make the deposit available to the landlord at the beginning of the tenancy agreement. At the end of the life, the tenant recovers the security deposit reduced from any deductions for repairs/restorations. If your contact information changes during the lease, you must provide your new contact information to the other party within 10 business days.
The common duration of an AST is between 6 and 12 months, since the Housing Act 1988 set a minimum term of 6 months for guaranteed short-term rents. However, it was abolished in 1996, allowing landlords to grant periodic rents for STAs (no minimum or maximum). After the signing, the landlord must give a copy to the tenant. This should be done before the change takes effect. Both parties should attach this copy to their copy of the lease. If you find yourself in this situation, you should always have a written record of what you have agreed to. To do this, you can use our flat sharing agreement model.