When it comes to renting out a property, one of the most important things to have in place is an assured shorthold tenancy agreement (AST). This type of agreement is a legal contract between a landlord and a tenant, outlining the terms of the tenancy and setting out the rights and responsibilities of both parties. In this article, we`ll take a closer look at what an AST is, why it`s important, and what you need to know when creating one for an unfurnished house.
What is an Assured Shorthold Tenancy Agreement?
An AST is a type of tenancy agreement that is commonly used in the UK for private residential lettings. Under an AST, the landlord agrees to rent out a property to a tenant for a fixed period of time (usually six or twelve months), in exchange for regular rental payments. The agreement sets out the terms of the tenancy, including the amount of rent payable, the length of the tenancy, and the responsibilities of both the landlord and the tenant.
Why are ASTs Important?
ASTs are important because they provide a legal framework for both landlords and tenants. They help to protect the rights of both parties, and ensure that everyone is clear on their obligations and responsibilities. By having a written agreement in place, both parties can refer back to it if there are any disputes or issues that arise during the tenancy.
Creating an AST for an Unfurnished House
If you`re renting out an unfurnished house, there are a few key things to consider when creating an AST:
1. Rent: The agreement should clearly state the amount of rent payable, how often it`s due, and the date it`s due.
2. Deposit: You`ll need to decide how much of a deposit you require from the tenant, and when it needs to be paid. You`ll also need to provide details of how the deposit will be protected in a government approved scheme.
3. Length of Tenancy: You`ll need to decide how long the tenancy will last for, and whether it will be renewed automatically or not.
4. Repairs and Maintenance: The agreement should outline the landlord`s responsibilities for repairs and maintenance, as well as any obligations on the tenant to keep the property in a good condition.
5. Termination: The agreement should include details of how the tenancy can be terminated by either party, and any notice periods that need to be given.
6. Other Relevant Information: There may be other information that`s relevant to the tenancy, such as whether pets are allowed, whether smoking is permitted, and any restrictions on use of the property.
Overall, creating an AST for an unfurnished house is an important step in renting out your property. It helps to protect your interests as a landlord, and ensures that your tenant is clear on their responsibilities and obligations. If you`re not confident in creating a tenancy agreement yourself, it`s always advisable to seek the assistance of a qualified professional.
