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Investor Guide...
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The following is an example of an Assured Short hold Tenancy
Agreement. It should NOT be used for any form of contract. We do not
provide legal advice or underwrite this example document in any way.
Always seek advice from a qualified solicitor before entering into any form of
contract. It is purely displayed as a guide to give your a broad
understanding of the major elements of this document...... Example of Assured Shorthold Tenancy
Agreement
·
This Tenancy Agreement is for letting furnished or unfurnished residential
accommodation on an assured shorthold tenancy within the provisions of the
Housing Act 1986 as amended by part III of the Housing Act 1996. As such, this
is a legal document and should not be used without adequate knowledge of the law
of landlord and tenant.
·
This agreement may be used for residential tenancies of three years or less.
Agreements for tenancies of a longer duration should be drawn up by deed.
·
A Notice of assured shorthold tenancy need no longer be served on the Tenant for
new tenancies created on or after February 28, 1997.
·
This agreement is produced with due consideration for the Office of Fair
Trading’s Guidance on Unfair Terms in Tenancy Agreements.
·
This tenancy agreement is a legal and binding contract and the Tenant is
responsible for payment of the rent for the agreed term. The agreement may not
be terminated early unless the agreement contains a break clause, or written
permission is obtained from the Landlord.
·
Where there are more than one Tenant, all legal obligations for rent and repair
costs can be enforced against all tenants jointly and against each individually.
·
If you are unsure of your obligations under this agreement, then you are advised
to take independent legal advice before signing.
·
Tenants must always be given the opportunity to thoroughly read and understand
this Agreement before completing and signing it. THIS AGREEMENT
is made on the date specified below BETWEEN the Landlord and Tenant. It
is intended that the tenancy created by this Agreement is and shall be an
assured shorthold tenancy within the meaning of the Housing Act 1988 as amended
by the Housing Act 1996.
_______/_________/___2005_________
Landlord(s)
_____________________________________
Landlord Address
_____________________________________
_____________________________________
Note:
Any notice under Landlord and Tenant Act 1987 s48 can be served on the
Landlord at the above address.
Tenant(s)
____________________________________
____________________________________
Property
The
dwelling known as:-
_____________________________________________________
Contents The
fixtures and fittings at the Property, together with any furniture, carpets,
curtains and other effects listed in the Inventory (where applicable)
Term For
the term of:- ____________________________________
Commencing on:- _______/_________/___20_________
Rent
£____________________________ per calendar month
Payment
Rental payments are due in advance and will be equal monthly payments due on
the _____day of the month
First rental payment to be made on _______/_________/___2005________
Deposit
A
Deposit of £________________ is payable upon the signing of this Agreement
Premises are
Furnished / Unfurnished (delete as appropriate)
1.
The Landlord
agrees to let and the Tenant agrees to take the Property and Contents for the
Term at the rent payable as above.
2.
The Tenant
pays the Deposit as security for their performance of the Tenant's obligations
and to pay an compensate the Landlord for any breach of those obligations. It is
agreed that this sum shall not be transferable by the Tenant in any way, and at
any time against the payment of the Rent and that no interest shall be payable
on this Deposit. The balance of the Deposit is to be paid to the Tenant only
after vacation of the Property, such amount to be assessed at the outgoing check
upon termination of the Agreement.
3.
(Tenants
Obligations) The Tenant agrees with the Landlord:-
Rents
and Charges
·
To pay the deposit
as requested for security
for any loss or damage to the premises or contents. The Deposit will be held by
the Landlord and will be refunded to the Tenant at the end of the Term (however
it ends) at the forwarding address provided to the Landlord but less any
reasonable deductions properly made by the Landlord to cover any reasonable
costs incurred or losses caused to him by any breaches of the obligations in his
Agreement by the Tenant. No interest will be payable to the Tenant in respect
of the Deposit money
·
To pay the
Rent on the days and in the manner specified to the Landlord.
·
Interest, to
pay interest upon any late rental payments at X% above base rate
per day for any amounts that are more than seven days late, whether requested or
not.
·
Insurance,
the house is insured by the Landlord, but the Tenant is liable for the first
£XXX, of any claim made which was the fault of the Tenant, or their guests.
The Tenant(s) are responsible for the insurance of their own contents.
·
Not to do or
permit anything to be done which might make void or voidable the insurance of
the landlord, or occasion an increase in the premium. Any increase in the
premium due to the Tenant(s) actions may be charged directly against them.
·
To pay
promptly to the authorities to whom they are due, council tax and outgoings
(including water and sewerage charges, gas, electric, telephone, light etc
relating to the Property), including any which are imposed after the date of
this Agreement and to pay the total cost of any reconnection fee relating to the
supply of water, gas, electricity and telephone if the same is disconnected.
Use
of the Property
·
Not to
assign, or sublet,
part with possession of the Property, or to let any other person live at the
Property.
·
To use the
Property as a single private dwelling and not to use it or any part of it
for any other purpose nor to allow anyone else to do so.
·
Not to
receive paying guests
or carry on or permit to be carried on any business, trade or possession on or
from the Property.
·
Not to do or
permit or suffer to be done in or on the Property any act or thing which may be
a nuisance damage or annoyance to the Landlord or to the occupiers of the
neighbouring premises, or which may void any insurance of the Property or cause
the premiums to increase.
·
Not to keep
any animals or birds or other living creature on the Property without the
Landlord's written consent such consent if granted to be revocable at will by
the Landlord.
·
Not to use the
Property for any illegal or immoral purpose.
·
Where the
Landlord's interest is derived from another lease ("the Headlease") then it is
agreed that the Tenant will observe the restrictions in the Headlease
applicable to the Property. A copy of the Headlease, if applicable, is attached
·
That all
rubbish is stored in appropriate rubbish bins in a suitable place and made
available for collection
·
That no
dangerous items, including explosive or flammable materials be left
lying around the immediate neighbourhood by you and/or any member of your
household.
·
To park
cars in the pre-designated parking spaces (where appropriate)
·
Not to
possess drugs, or
other illegal items on the premises other than over the counter drugs and drugs
prescribed by a qualified medical practitioner.
Repairs
·
Not to
damage or injure
the Property and Contents or make any alteration or addition to it. Any
redecoration is to be made only with the prior written consent of the Landlord
or his Agent.
·
To keep the
interior of the Property and Contents in good clean condition and
complete repair (damage by accidental fire and reasonable wear and tear
excepted) and to keep the Property at all times well and sufficiently aired and
warmed during the tenancy. This clause does not oblige the Tenant to put the
Property into better repair than it was in the beginning of the tenancy.
·
To immediately
pay the Landlord or his Agent the value of replacement of any furniture or
effects lost or damaged or destroyed or at the option of the Landlord,
replace immediately any furniture or effects lost, damaged or destroyed, and not
to remove or permit to be removed any furniture or effects from the Property.
·
That the
Landlord or any person authorised by the Landlord or his Agent may at reasonable
times on giving 24 hours' notice (unless in the case of an emergency) enter
the property for the purpose of viewing, inspecting its condition and state
of repair or for the purpose of repair, maintenance or repainting.
·
Should the
Tenant(s) fail to acknowledge a Landlord notice (requesting to carry out
repairs), the Landlord may return after a period of 10 days, and carry out the
repairs himself, with the Tenant being liable for any costs.
·
To keep the
gardens (if any) including all driveways, pathways, lawns, hedges and rockeries,
neat tidy and properly tended at all times and not remove any
trees or plants and to keep any garage in good order.
·
To replace
all broken glass in doors and windows damaged during the tenancy.
·
Not to
alter or change or install any locks on any doors or windows in or about the
Property or have any additional keys made for any locks without the prior
written consent of the Landlord.
·
To notify
the Landlord, or the Landlord's Agent, promptly in writing of any disrepair,
damage or defect in the Property or of any event which causes damage to the
Property or which may give rise to a claim under the insurance of the Property.
·
Not to glue
stick or otherwise fix anything whatsoever to the exterior or interior of
the Property without the Landlord's written consent.
·
To take all
reasonable precautions to prevent damage by frost.
·
In order to
comply with the Gas and Safety Regulations, it is necessary
o
that the
ventilation provided for this purpose in the Property should not be blocked
o
that brown or
sooty build up on any gas appliance should be reported immediately to the
Landlord or the Landlord's agent
·
To keep the
drains, waste pipes and gutters free from obstruction and to keep the
chimney (if appropriate) swept as often as necessary.
Other
Tenant Responsibilities
·
Not to leave
the Property vacant for more than 30 consecutive days and to properly
secure all locks and bolts to the doors, windows and other openings when leaving
the Property unattended.
·
To inform
the Landlord in writing of any periods over days, when the premises will be
left empty. In winter, the Tenant is responsible for turning off the main water
and draining the heating and water storage.
·
To fully pay
and compensate the Landlord for any costs expense loss or damage incurred
or suffered by the Landlord as a consequence of any breach of the Agreement on
the part of the Tenant in this Agreement.
·
Within the
last two months of the tenancy to permit the Landlord or any person authorised
by the Landlord or the Landlord's agent at reasonable hours in daytime to enter
and view the Property with prospective Tenants or purchasers.
·
Not to introduce into the Property any portable heaters fired by liquid
or bottled gas fuels without the Landlord's prior written consent.
·
That the
Tenant shall be responsible for testing all smoke detectors (if any)
fitted in the Property on a regular basis and replace the batteries as
necessary.
·
To clean
the windows inside and out at least once every two months.
·
To give the
Landlord a copy of any relevant postal notices or documents received
concerning the premises within 7 days of receiving them - In particular, any
notice received under the Party Wall Act 1996. The Tenant agrees not to do
anything as a result of the notice unless required to do so by the Landlord.
End
of Tenancy
·
To allow the
Landlord to affix a re-letting sign to the premises, eight weeks prior to
the termination of the tenancy, and allow the Landlord or other persons with the
landlords permission to view the premises at reasonable hours.
·
To leave the
Property and the Contents at the end of the tenancy in the same places in
which they were originally positioned at the commencement of the tenancy.
·
To arrange for
the Property to be professionally cleaned on the termination on the
Tenancy. To pay for any cleaning services that may be requires to reinstate the
Property to the same order that it was provided at the commencement of the
tenancy including the washing and ironing or cleaning of all linen, carpets and
curtains which shall have been soiled during the tenancy.
·
To provide the
Landlord with a forwarding address when the tenancy comes to an end
·
If the
Tenant(s) abandon the property without telling the landlord, the landlord
will enter the property, repair and clean if necessary and charge the Tenant
accordingly. The tenant agrees to pay all costs connected with the Landlord(s)
attempt to find their geographical whereabouts, including any court fees.
·
To leave
the property at the end of the tenancy in good repair and condition, upon
the date so appointed and hand back all keys to doors, windows and any other
items, for which the Landlord will provide the Tenant with a receipt.
·
Notice,
the Tenant(s) must give at least one months notice to the landlord, (after any
fixed term of the tenancy agreement has ended), either by recorded post to the
Landlords address, or in person.
·
If at any
time:-
o
any part of
the Rent is outstanding for 14 days after becoming due (whether formally
demanded or not) and/or
o
there is any
breach, non-observance or non-performance by the Tenant of any covenant
or other term of this Agreement which has been notified in writing to the Tenant
and the Tenant has failed within a reasonable period of time to remedy the
breach and/or pay reasonable compensation to the Landlord for the breach and/or
o
any of the
grounds set out
as Grounds 2, 8 or Grounds 10-15 (inclusive) (which relate to breach of any
obligation by a Tenant) contained in the Housing Act 1988 Schedule 2 apply, the
Landlord may recover possession of the Property and this Agreement shall come
to an end. The Landlord retains all his other rights in respect of the
Tenant's obligations under this Agreement. Note that if anyone is living at the
Property or if the tenancy is an assured or assured shorthold tenancy then the
Landlord must obtain a court order for possession before re-entering the
Property under the Housing Act 1988. This clause does not affect the Tenant’s
rights under the Protection from Eviction Act 1977.
4. (Landlord
Obligations)
The Landlord agrees with the Tenant that:-
·
Provided the
Tenant shall pay the Rent and perform the agreements on his part already
referred to, the Landlord shall permit the Tenant to have quiet enjoyment
of the Property without unreasonable interruption by the Landlord or his Agent.
·
The Landlord
will keep in repair:-
·
the structure
and exterior of the Property (including drains, gutters and external pipes);
·
the
installations at the Property for the supply of water, gas and electricity and
for sanitation (including basins, sinks, baths and sanitary conveniences);
·
the
installation at the Property for space heating and heating water
·
But the
Landlord will not be required to:-
·
carry out
works for which the Tenant is responsible by virtue of his duty to use the
Property in a Tenant-like manner;
·
reinstate the
Property in the case of damage or destruction if the insurers refuse to pay out
the insurance money due to anything the Tenant has done or failed to do;
·
rebuild or
reinstate the Property in the case of destruction or damage of the Property by a
risk not covered by the policy of insurance effected by the Landlord.
·
All necessary
consents have been obtained to let the Property.
·
The Landlord
will pay for all Water rates, including sewerage rates, assessments and
outgoings in respect of the Property (except for council tax and charges for the
supply of gas or electricity, light and power or the use of any telephone).
·
To insure
the Property (building) and arrange for any damage caused by an insured risk
to be remedied and to provide a copy of the insurance policy to the Tenant.
·
The Landlord
will return to the Tenant any rent payable for any period during which
the Property may have been rendered uninhabitable by fire or any other risk
which the Landlord has insured.
5.
Upon successful granting of a Court Order, the Landlord may re-enter the
Property and immediately thereupon the tenancy shall absolutely determine
without prejudice to the other rights and remedies of the Landlord, if the
Tenant has not complied with any obligation in this Agreement or should the Rent
be in arrears by more than fourteen days whether formally demanded or not.
6.
The Landlord agrees to carry out any repairing obligations as required by
section 11 of the Landlord and Tenant Act 1985.
7.
In this Agreement, unless the context otherwise requires, the following
expressions shall have the following meanings:
"The Landlord" includes the
persons for the time being entitled to the reversion expectant on determination
of the tenancy
"The Tenant" includes the
successors in title. Whenever there is more than one Tenant all covenants and
obligations can be enforced against all of the Tenants and against each
individually.
8. The parties agree:-
·
The tenancy
may be brought to an end if the mortgagee requires possession on default
of the borrower under Ground 2, Schedule 2 of the Housing Act 1988.
·
Notice is
hereby given that possession might be recovered under Ground 1, Schedule
2 of the Housing Act 1988 if applicable. That is, that the Landlord used to live
in the Property as his or her main home, or intends to occupy the Property as
his or her only or main home.
·
Before the
Landlord can end this tenancy, he shall serve any notice(s) on the Tenant
in accordance with the provisions of the Housing Acts.
·
Any notice
served by the Landlord on the Tenant shall be sufficiently served if sent by
registered or recorded delivery post to the Tenant at the Property or the
last known address of the Tenant or left addressed to the Tenant at the
Property.
·
The Landlord
hereby notifies the Tenant under Section 48 of the Landlord & Tenant Act 1987
that any notices (including notices in proceedings) should be served upon the
Landlord at the address stated with the name of the Landlord (shown in
the Contacts section of this Agreement – the address must be in England or
Wales).
·
For stamp duty
purposes, the Landlord and the Tenant confirm that there is no previous
agreement to which this Agreement gives effect
·
The Landlord
shall be entitled to have and retain keys for all the doors to the
Property but shall not be entitled to use these to enter the property without
the consent of the Tenant (save in an emergency)
·
Any notices or
other documents shall be deemed served on the Tenant by either being left at the
Premises or by being sent to the Tenant at the Premises by first-class post. If
notices or other documents are served on the Tenant by post they shall be deemed
served on the day after posting
9.
The Property is let together with the special conditions listed below and
the First Schedule attached hereto
Special Conditions:
-
-
-
-
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===================================================================================
SIGNED BY THE LANDLORD(S) (or the Landlord's
Agent)
__________________________
__________________________
In the presence of:- Name
____________________ Address ____________________
____________________ Occupation
____________________ Witness
signature________________ SIGNED BY THE
TENANT(S)
__________________________
__________________________
__________________________
In the presence of:- Name
____________________ Address ____________________
____________________ Occupation
____________________ Witness
signature________________
FIRST SCHEDULE This Schedule will not be
included as part of the Tenancy Agreement unless signed by both the Tenant(s)
and the Landlord (or Agent acting on the Landlord's behalf) The Landlord has
authorised the items listed below to be included in the property as part of the
furnishings. They will be provided to the property as soon as they can
reasonably be procured:
_______________________________
_______________________________ The Landlord has
authorised that the following works or repairs to the property will be carried
out as soon as reasonably practicable:
______________________________________________________________ Signature of Tenant(s)
__________________________
Date
__________________________ Signature of
Landlord __________________________ Date
__________________________
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