Assured Tenancies and Assured Shorthold Tenancies allow the tenant to return excessive rents to the rent assessment committee during the first six months of the lease. The Tenant Assessment Committee is independent of local and central government and usually consists of three people: a lawyer, a real estate recycler and a layperson. This guide has been developed by Upad to tell you everything you need to know about secure short-term leases. Both types of tenancy were introduced to encourage rental and allow landlords to calculate the entire market rent. The main difference between the two types of leases is the legislation that belongs to the owner of the property. If your lease was started or renewed on Or after March 20, 2019, your landlord may also have a legal responsibility to ensure that your home is fit to live. This is called “fit for human habitation.” There is also a periodic lease. These agreements do not set a deadline for the lease and contract and the terms and conditions remain valid until one of the parties terminates. While periodic leases may, depending on their circumstances, have benefits for both landlords and tenants, both parties generally prefer the security of having an AST and extending it each time it approaches its expiry date. This site offers a number of secure short-term leases as well as answers to some frequently asked questions about your obligations when creating an AST. Leases that arise after the expiry of a long residential lease[14] are entered into with leases when the lease expires on January 15, 1999 (when the lease expires before January 15, 1999, the lease will be a regulated lease).

[15] Previously, it was customary for landlords to have a Section 21 notice issued on the first day of a lease agreement, so that tenants would know in advance that they would not be renewed after six months, but this is no longer permitted. However, there is no reason why landlords should have a conversation with tenants anyway and tell them that they are not going to renew themselves – even better if landlords can make it clear that they are only looking for a tenant for six months if they advertise their rent. At the end of the deadline set by the AST, the contract, if not renewed, becomes a short-term lease, guaranteed by law. This means that the conditions of the TSA continue to apply, but the rent will continue on the basis of the rent plan. Since most tenants pay their rent monthly, this means that these STAs become regular monthly rental contracts. Assuming you take a deposit from your tenant, it must be protected in a state-recognized rental deposit system. If this is not the case, it can be difficult to dislodge the tenant if necessary. For Scotland and Northern Ireland, there are separate rental systems. We looked in this blog post at the dangers, but also the potential benefits of a periodic lease.

There are obligations that you and your landlord have that are not stipulated in the contract, but are set by law and are incorporated into all leases. These terms are part of the contract, even if they have not been explicitly agreed between you and your landlord.