Assured Shorthold Tenancy
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. The template supplied enables you to set your own rent and length of tenancy along with other variable items. It is a fairly comprehensive document but we do not impose restrictions on you altering the wording if you choose to. The appropriate forms of Notice to Quit are included with our template tenancy agreement, however, should you wish to buy the Notice to Quit separately, then click on the link to move to the relevant part of the page. Our template would generally be used when renting out the whole of a house or flat. Where you are just letting out a room in your own home and will be sharing facilities (i.e. taking in a lodger) then we would recommend our house sharing agreement.

Purchase Price - £10 (including forms of Notice to Quit)

The Assured Shorthold Tenacy will download as a Zip file. Once downloaded it will unzip to a Word document. 

Assured Shorthold Tenancy (this includes forms of Notice to Quit - although these can also be purchased separately - see below £10

Insurance

An important point to remember if you are renting out your property is that your ordinary household insurance will not cover you. You should arrange specialist landlords insurance

 

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  • Cover for a range of tenants – where other insurers restrict cover to certain tenant types, Simple covers professionals, students, holiday homes, asylum seekers and all other tenant types

  • Free Accidental Damage on Buildings – where the tenant type is Professional or Retired

  • Landlord liability insurance – Simple offer £2,000,000 as standard, upgradeable to £5,000,000 in case of unforeseen accidents on your property

  • Bespoke quotations and flexibility - for larger portfolios where premiums exceed £4,000

  • No hidden charges – the price you see, is the price you pay

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  • Plus, unlike some providers, Simple does not exclude properties in potential flood areas

We know that every landlord has different requirements for their let property insurance, that’s why Simple offers a wide range of options to help the landlord achieve the precise level of cover to suit individual circumstances and budget.

Whether you're looking for a better deal on your current landlords insurance or need to cover your first buy to let property, the answer is Simple.

So, if you’re looking for a great deal on your Landlord Insurance click one of the links below for an instant, online quote - Simple as that. Generally the Simple link will be more cost effective for  properties worth up to £150,000 and the GuardStone link  better for those worth more than £150,000

 

 

Alternatively, have you considered purchasing our letting pack for just £15 ? Click here for details of the contents of the letting pack

Generally speaking a tenancy of a residential property entered into after 28th February 1997  between private individuals is, by default an Assured Shorthold Tenancy, unless a notice to the contrary has been given. This is the opposite of what the law was before that date. There are some exceptions to this (eg letting to students by an educational establishment, company lets, lettings at very high rents or lettings to a tenant who has diplomatic immunity).

There is no minimum term for an Assured Shorthold Tenancy specified in the legislation however, unless the tenant is in breach of the terms of the tenancy agreement, it is not possible to obtain a court order to regain possession of the property let until at least the first 6 months have gone by. Effectively therefore there is a minimum term of 6 months.

A court has to grant an order for possession of a property let under an Assured Shorthold Tenancy if a certain notice has been given. The template tenancy agreement supplied by Legaldocsdirect includes both forms of likely notice so you can choose whichever is appropriate. The form which is appropriate to use depends on whether the tenancy is a fixed term Assured Shorthold Tenancy or a Periodic Assured Shorthold Tenancy.

Generally speaking, when an Assured Shorthold Tenancy is created, it is for a fixed term e.g. 6 months or 12 months. If neither party does anything to terminate it before the last day of the fixed term then the tenancy is automatically converted into a Periodic Assured Shorthold Tenancy. This is still an Assured Shorthold Tenancy but it is now one that continues by operation of the law on a periodic basis i.e. on a week to week basis or month to month basis dependent upon the period in the fixed term tenancy by reference to which rent was paid.

1.  Assured Shorthold Tenancy – Fixed Term

Where the fixed term has not yet expired notice has to be given under Section 21(1) Housing Act 1988. The tenant has to be given at least two months, notice such notice not to expire before the last day of the fixed term of the tenancy. The notice has to be served before the end of the initial fixed term of the tenancy

2. Assured Shorthold Tenancy – Periodic

Where the fixed term has expired and the tenancy has become a periodic one, then notice has to be given under Section 21(4) Housing Act 1988. In this case the period of the notice again has to be not less than two months but the date that is specified as being the date upon which you require possession must be the last day of a period of the tenancy

You can download a notice to quit. Be sure to choose the correct form depending on your situation

The document will download as a Zip file. Once downloaded it will unzip to a Word document.

Notice to quit - fixed term tenancy £5

Notice to quit - periodic tenancy

£5

 

Terminating an Assured Shorthold Tenancy (whether fixed term or periodic) is straightforward but take care to use the correct form of notice. Choosing the wrong form is likely to be fatal to your claim for possession. The form of notice should be either delivered to the tenants personally or sent by registered post so you have evidence that the notice was served.

Although termination of an Assured Shorthold Tenancy is most commonly dealt with by way of the Notice to Quit as mentioned above there are are certain other grounds upon which possession can be sought. If there is a mortgage on the property then the lender, in giving its consent to the property being let, may request that before the tenancy is entered into notices under Ground 1 and /or Ground 2 of Schedule 2 of the  Housing Act 1988 are served first. These are notices that tell the tenant that possession of the property might be recovered on the grounds either that the landlord wants it to occupy for his own use or that possession is required by the lender who is repossessing the property. If these notices are served they have to be served before the tenancy is entered into.

These notices can be downloaded by clicking the links below or alternatively they are part of our letting pack - click here for further details of this

The document will download as a Zip file. Once downloaded it will unzip to a Word document.

Ground 1 Notice £5

Ground 2 Notice

£5

 

Remember that it is important to choose your tenant carefully. It would be sensible to obtain official references for them  - click here for more information

Further, don't forget that no matter how good the references you get for your tenant are, there is no guarantee that they will actually pay on time. To protect yourself against the tenants failure we suggest you consider taking insurance -  click here for more information

Deposits

With effect from 6th April 2007 any deposit held under an Assured  Shorthold Tenancy must be held under an approved deposit scheme or backed by an approved insurance scheme. Please follow this link for more information http://www.depositprotection.com/. The Landlord cannot hold the deposit himself - this is in breach of the legislation

The documents downloaded from this web site will be in the form of a Zip file. Once downloaded it will unzip to a Word document. You will need a zip utility to unzip the document - Windows XP and above contain a built in utility. Alternatively shareware versions suitable for unzipping a file can be obtained from the Internet - for example, click the Winzip button at the side of this page.

The documents available on this site have been prepared for use in England & Wales. They may not be valid if used in other areas.

 

 

 

 

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