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Why Make A Tenancy Agreement?
A tenancy agreement can be prepared by either the Landlord,
a solicitor or a letting agent. It is a legally binding
agreement between the tenant and landlord and should
state details of the rent, the length of the tenancy
and both the tenant's and landlord's responsibilities.
If you are a Landlord or a Tenant, having
a written agreement between you is vital, because thing
can happen, and problems do arise, and its always nice
to know where you stand, and to also have the backing
of a legal document should things really go bad.
This document is binding, and both parties
must stick to it, else face the consequences, which
usually mean that either party can end the agreement
at any time, if any of the stipulations are broken or
not adhered to.
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