A shorthold insurance contract (AST) is the usual form of rental granted by private owners. Unlike other forms of rented apartment, a tenant under an AST has virtually no security. As long as the correct procedures are followed, a lessor can take possession of the property after six months. Section 4 contains tenant alliances. These include payment of rent and other expenses (Council tax and utilities), repair and maintenance, use, allowing lessor access for inspections and tenancy end agreements. Section 4 contains agreements that require the tenant to comply with the terms of the lessor`s insurance and all ownership documents such as a higher lease. These agreements will only come into effect if the lessor has provided the tenant with copies of the corresponding documents. A lease agreement can be either for a specified period, i.e. it ends on a given date, or it can be periodic, which means that it runs from one week to the next or from month to month.
You can use this contract for all residential real estate in paragraph 3 dealing with the rental deposit. Although the Rent Protection Act applies only to STAs, it is recommended that landlords protect contract rents in the same way as a matter of good practice and prepare for a situation where a contract lease becomes an AST. The amount of the deposit should be inserted at point 3.1. In paragraph 3.4, the owner must indicate whether the surety is protected in an insurance plan or a guarantee system. You will find details on the different systems and steps of the procedure that the landlord must take in the guide on protecting tenants` deposits for short-term rents insured – in the file of rental bonds. Please note that this clause should not be used if the owner protects the deposit in the deposit system (one of the insurance plans). This provision has its own clause that should be replaced – see the document “Information and clauses on prescription” on the TDS website: www.tds.gb.com/agents-and-landlords-documents-and-forms.html. A lease agreement is designed to protect the interests of both parties while ensuring that the property is preserved and maintained. The designation allows the tenant during the rent in a comfortable home, and the owner receives a well-maintained home after the end of the contract.