Example of an Assured Shorthold Tenancy Agreement
An assured shorthold tenancy agreement (AST) is a document that outlines the terms and conditions between a landlord and tenant when renting out a residential property. It is a legally binding agreement that provides both parties with legal protections and clarifies their responsibilities.
An example of an AST agreement typically includes the following elements:
1. Basic information: The name and address of both the landlord and tenant, the address of the rented property, start and end date of the tenancy, and the amount of rent to be paid.
2. Deposit: It is common for landlords to require tenants to pay a deposit to cover any damages or unpaid rent at the end of the tenancy. The AST agreement should specify the amount of the deposit and the terms for its return.
3. Rent payment: The AST agreement outlines the frequency of rent payments, the due date, and the acceptable payment methods. It should also state what happens if the tenant fails to pay rent on time.
4. Repairs: The landlord has a responsibility to keep the property in a good state of repair, and the tenant is responsible for maintaining it during the tenancy. The AST agreement should specify who is responsible for what.
5. Ending the tenancy: The AST agreement should include the notice period required to end the tenancy, how the notice should be given and what happens if either party gives notice.
6. Use of the property: The AST agreement should outline how the tenant can use the property, for example, not to allow illegal activities on the property, or sub-letting the property.
7. Pets: Some landlords may permit tenants to keep pets with additional stipulations while others may have a no-pet policy. This should be clearly stated in the AST agreement.
8. Joint tenants: If the tenancy is for multiple tenants, the agreement should specify whether they are joint or separate tenants. It should also list the obligations of each tenant under the lease.
The above examples of an AST agreement are just a guide. Different landlords may have different requirements tailored to their properties. It is important to understand the terms of the tenancy agreement before signing. Tenants and landlords who have questions about AST agreements may want to seek legal advice to ensure that they are complying with the law.