The transfer of property can seem complex, whether you’re buying, selling or renting. If you’re trying to draft a tenancy agreement for your potential tenants, you need to ensure you include all the correct details to ensure the agreement is sound.
Here is what to put in a tenancy agreement.
What To Include
A tenancy agreement should include the names of all parties involved, whether this is renting directly from somebody or through an agency. It should clearly outline the price of the rental and how it should be paid. It is recommended that rent is paid through a direct debit that automatically takes the money once per month, but you can also rely on tenants to send the money or even pay in cash.
It should include information about the deposit and how it will be protected, including all the details of when the deposit can be fully or partly withheld, such as due to damage. There are plenty of government-approved tenancy deposit schemes that can be used to ensure the deposit is kept safe.
Other details should include the address of the property, to ensure both parties know they are renting the right place. The start and end date of the tenancy should be in a tenancy agreement. The tenancy can be open and not have an end date, but a start date is an essential part of it. If the tenancy can be ended early, you should include the details of it in the tenancy agreement.
It should then outline any tenant or landlord obligations. This could include bills to pay, garden maintenance and anything else that is essential to the upkeep of the property. It can have information about whether the property can be further sublet or have lodgers. Some landlords find this acceptable but some like to clamp down on this so they know exactly who is residing on their property.
A tenancy agreement must be fair and comply with the law, containing nothing that will indirectly discriminate against you or your prospective tenant. This is when you are discriminated against because of age, gender, sexual orientation, disability, religion, race, sex or being pregnant.
Changes to the tenancy agreement can be made after it has been signed, but only if the landlord and tenant both agree to change the terms. If they don’t, changes can’t be implemented. This can help protect landlords and tenants from sudden changes they didn't agree to.
Andrew Lee Property Lawyers
Andrew Lee & Co Property Lawyers are on hand to offer our years of experience in a range of matters concerning residential and commercial landlords. So if you need help understanding the legalities of tenant law, our professional staff can help.
So call today on 01622 740 101 to talk through your requirements with one of our team, or visit our website now to find out more about the services we provide.
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