Monday 28 July 2014

TENANCY AGREEMENT

A tenancy agreement is a contract between a tenant and a landlord, indicating the terms and conditions of their rental agreement. The agreement will specify such conditions as rent, the length of the tenancy, repair responsibilities, the amount of the deposit, and when the landlord is able to visit the property.
Please note that, if your landlord does not give you a written tenancy agreement, is your right to ask for one! Be cautious, and read the agreement carefully. Make sure you understand and agree to the terms and conditions before you sign it.
What your tenancy agreement should include?
·         Name and address of your landlord
·         The address of the property
·         How much the rent will be
·         Amount of the deposit
·         Duration of the tenancy
·         Bills included or excluded
·         Taking in a lodger
·         Subletting
·         How to end the tenancy
Additionally, it may include information on house rules such as: pets, visitors, and smoking.
Your tenancy can either be:
fixed-term (set for a specific period of time)
periodic (running on month by month basis)

Be careful what you signing, as the agreement may not be fair. Note that unfair terms are not legally binding. If you feel that the agreement have some unfair points such as: accepting changes to the original agreement, you are liable to pay for repairs, the landlord can visit the property whenever they like without giving you a notice.