When it comes to renting a property in the UK, it is important to understand the different types of tenancy agreements that exist. Before signing a rental agreement, tenants must ensure that they are aware of the terms and conditions of the agreement and the rights and responsibilities of both landlord and tenant. Here are the main types of rental agreements that tenants should be aware of:
Assured Shorthold Tenancy (AST)
This is the most common type of rental agreement in the UK. It is a legal agreement between a landlord and a tenant which outlines the rights and responsibilities of both parties. This type of tenancy usually lasts for six months or more and provides a fixed term for the tenancy. ASTs offer tenants more protection than other forms of tenancy, as they provide statutory rights for rent control and eviction protection.
Rent Act Tenancy
This type of tenancy agreement is for tenants that have moved into a property before 15th January 1989. This agreement is based upon the Rent Act 1977 and provides tenants with a secure tenancy. The rental amount is also regulated by the government and can only be increased in accordance with the provisions of the Rent Act.
Assured Tenancy
Assured tenancy agreements are similar to ASTs, but they give tenants more rights and security. This type of tenancy agreement provides tenants with a minimum of six months notice before they can be evicted from the property. The rental amount is also regulated by the government and can only be increased in accordance with the provisions of the Housing Act 1988.
Excluded Tenancy
Excluded tenancy agreements are the least common type of rental agreement in the UK. The agreement is usually made between the tenant and the landlord, without any involvement from a letting agent or estate agent. This type of tenancy agreement has fewer rights and protections for the tenant than other forms of rental agreements.
It is important for tenants to understand the type of rental agreement that they are signing before they move into a property. Tenants should ensure that they are aware of their rights and responsibilities under the agreement, as well as the process for ending the tenancy. If you are unsure about any aspect of your rental agreement, it is always best to seek advice from a professional.