The Benefits of an Assured Shorthold Tenancy Agreement
When it comes to converting your home into a rental property, it is essential to consider having the appropriate legal documents in place. An assured shorthold tenancy agreement is a legally binding contract between the landlord and tenant that sets out the obligations of both parties. It contains important information such as how much rent needs to be paid, when it should be due and for how long the tenancy will last.
Extra information about assured shorthold tenancy agreement
Why Use an AST Agreement?
Having an AST agreement in place offers several benefits for both landlords and tenants. Firstly, it outlines all of the responsibilities expected from each party during the period of occupation which can help reduce disputes arising in future. This includes conditions such as the tenant maintaining the property in good condition throughout their stay.
For landlords, an AST agreement can provide reassurance that they will receive their rental payments on time and that they are entitled to reclaim possession of their property at the end of the tenancy term. It also makes sure that tenants must leave the property in a satisfactory state at the end of their lease period.
AST Agreements Suitable for Different Types of Properties
An AST Agreement is suitable for both furnished and unfurnished properties, so it can be used no matter what type of home you have rented out. They are typically created for short-term rentals, usually between 6 months and 3 years.
Using an Assured Shorthold Tenancy Template
Using a template to create an AST Agreement can provide you with the basic information and structure that is necessary for a legally binding agreement. This means that you will not have to worry about missing important details. An assured shorthold tenancy agreement template is easy to source and use.