Define Assured Shorthold Tenancy Agreement

The basic principle behind an AST – and probably why it is called secure – is that it offers the tenant some security of ownership, subject to certain restrictions. In other words, as long as the tenant pays the rent and complies with the terms of the lease, he has the right to stock up for the agreed period – or “duration”, as it is called. The most common form of lease is an AST. Most new leases are automatically of this type. [1] Nicolls v Kinsey [1994] 16 Estates Gazette 145, which is a fixed term: a lease awarded “for one year and then from year to year” was not a fixed term. This agreement describes the amount of rent you pay, who is responsible for repairs or damages, and the exact duration of your rental. From the beginning of this contract, you agree to pay the agreed payments in due time. Regardless of the status of the lease, the lessor remains legally obliged to issue a termination under Article 21 and to notify it two months in advance if they wish to repossess the property, unless they have reason to notify a termination in accordance with Section 8. We hope this has helped to dispel any concerns you may have about the lease. If you`re still a little careful to rent for the first time, our blog has you covered. You can ask for advice at any time by sending us a message on Facebook or by tweeting @EssLiving us. However, common sense requires that both the landlord and tenant have their own signed copy of the agreement. Assured Shorthold Tenancy (AST) is the most common type of agreement used by landlords to rent residential properties to private tenants.

ASD is usually given for a period of six months, but can be longer. At the end of this initially agreed period, the landlord is able to distribute the tenant without a valid reason. But what is a secure short-term rental agreement? In this article, I will dwell more specifically on what it contains and how you can properly use this type of lease. In an AST, the landlord can define the conditions under which the tenant can live in the property. For example, they can indicate the amount of rent due and how and when it is to be paid, the security deposit required and the date the lease expires, and they also make rules for the lease, such as smoking or no pets in the property. Previously, it was customary for landlords to issue an Article 21 notification on the first day of a lease, thus informing tenants in advance that they would not extend after six months, but this is no longer permitted. However, there`s nothing stopping landlords from having a conversation with tenants anyway and let them know they won`t be extended – even better if landlords can make it clear that they`re only looking for a tenant for six months if they advertise their rent. If you want to leave, you can usually cancel your rental agreement by undressing and returning the keys until the end of the fixed term. Check your contract to see if you need to terminate, that you leave..