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guiding landlords through the letting process
covering
what happens once satisfactory references are obtained?
You should now be in a position to sign the assured shorthold tenancy (AST) or Non Housing Act contract. This constitutes the tenancy agreement between you and the tenant detailing all terms, any break clause and conditions of the let and confirms your legal right of possession at the end of the tenancy.
- Legally, tenants listed in the contract have joint and several liability
- An Assured Shorthold Tenancy or Non Housing Act is between the Landlord and tenant
- You are committed for the duration of the tenancy agreement.
- Where the tenant has a right to a break clause, it is usually at a minimum of six months and requires one months notice from the tenant , bringing the total to seven months minimum occupation (Landlord required to give tenant two months notice therefore eight months)
- Any special conditions agreed between the two parties should be listed in the contract
Simultaneously, the tenant will provide us with cleared monies to cover the outstanding balance, usually one months deposit and one month's rent in advance and any associated costs.
At this stage, the tenant's completed standing order forms will be lodged at their bank, confirming future payments to your designated account.
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