Tuesday, June 2, 2009

What is a Tenancy Agreement?

By James L Harrison

A rental agreement is drawn up between the landowner and the occupant. It spells out the conditions under which both the proprietor and the resident have decided upon on renting a place owned by the owner. The tenancy contract can be a written or an oral agreement. There is no statuary law requiring all properties rented in the UK to have a written tenancy agreement.

A contract will be fabricated of uttered terms along with unstated terms. Expressed conditions are those which cover up the fine points. The expressed terms in an occupancy agreement are:

Name of the tenant and the landlord

Address of the property being rented

Scheduled time of commencement of the contract

Name and addresses of other persons authorised for by means of the property. This is lest of a dual rental.

The duration of the tenancy

quantity of fee, and when it is unpaid

If some other services are to be provided in the contract. Like laundry, meals, sum of utility cost etc

Note requisite to be set ahead of vacating or taking back possession of the home.

These are the minimum express terms that are covered in a tenancy agreement. The implied terms are that the landlord will carry out basic repairs. Your landlord will keep the supply of water, electricity, gas, sanitation, and heating in a good working order. You must be allowed to reside in peace without interference from your landlord. You must not be treated unfairly due to your sex, race, religion, sexuality, or disability. In return, you will occupy the place peacefully and not indulge in any unlawful activities on the premises.

These are the terms that are covered in most common tenancy agreements. However, there can be other conditions, like regarding smoking or keeping pets. In case of there being no written agreement, you have the right to ask the rent collector to give you the name and address of the landlord. In case of a written agreement, you and your landlord will sign all the pages of the agreement and each one will keep a copy of it.

Occupancy agreements are approximating a treaty and must be in black and white in plain, easy English. You or the landlord can change a tenancy agreement, if you both equally agree to do so. You or the landowner can end a tenancy agreement by giving the notice given in the tenancy agreement. You and the proprietor can furthermore agree to enlarge the rental on the same terms or on different terms.

A deception contract is one which gives you or the landholder smaller amount rights than authorised by regulation. Whether the contract is a verbal or a written one, it will be termed as a fraud agreement.

An occupancy contract can be changed if both have the same opinion to change it. Let's declare, you undergo a disability, in that case your landholder is gratified by law to make changes to the home to cater for your disability. This is enclosed in both oral and printed agreements.

The needs of occupancy agreements vary for England, Wales, Scotland, and Northern Island. When intriguing or drawing up a rental agreement, it is best to check up on the relevant rules. In some places, written tenancy agreements are fixed. It's best to check with an estate negotiator or an advisory committee what the statuary wants are.

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