Types Of Agreement

Assured Shorthold Tenancy
This is most often for an initial period known as the 'fixed term' (a minimum of 6 months, but can be longer) For the duration of this fixed term the tenant is obliged to pay the agreed rent and the landlord is obliged to allow the tenant to remain in the property. An Assured Shorthold Tenancy is a particular form of tenancy which has become popular with landlords in recent years because it enables a property to be let on the basis that the tenant acquires very little security of tenure, i.e. at the end of the tenancy the landlord can generally recover possession without too much difficulty - it is necessary to give at least two months notice in a certain form expiring on or after the end date of the tenancy agreement.


Assured Tenancy
Ordinarily, Assured Tenancies are only created where it is the intention of both parties that the tenant should have possession of the premises for a longer time If such a tenancy is created, the tenant will have more security of tenure, in other words the procedure and amount of time required to end the tenancy agreement is much more complicated and lengthy than for an Assured Shorthold Tenancy. To take repossession of an Assured Tenancy, the landlord will have to state very specific grounds contained within the Housing Act 1988. Therefore, such an agreement should only be created when it is intended to create a long-term tenancy agreement, granting the tenant extensive possessionary rights.


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Friday, December 05, 2008