Everything You Need to Know about Tenancy Agreements when Renting Property

Renting the right property can be a long and arduous process. First, you have to find the property itself, and next, you have to make sure that the property is in a good location. But apart from this, there is the additional challenge of making sure that you have a good agreement with your landlord. The tenancy agreement exists for just such a reason. The tenant agreement is one of the important tasks in the process of renting the property to stay.

What is it, and how can it help you?

The tenancy agreement is, in its simplest form, a contract between the landlord and you. Tenancy agreements can be in oral or written form, and it gives you and your landlord particular rights. For instance, a tenancy agreement can give you the right to occupy the property, and the agreement can also give the landlord the right to collect rent. Whatever arrangements you make with the landlord should be specified in the tenancy agreement so there is no room for dispute later on.

A typical tenancy agreement would include ‘express’ as well as ‘implied’ terms. The ‘express’ terms would include all that has been agreed upon for your specific tenancy, whilst the ‘implied’ terms would include all that is under the law or already established through usual tenancy practices or customs. The rental terms though difficult, it requires a specialist to better understand the process.

Written and oral agreements

In Wales and England, your landlord is not really required by law to provide you with a written agreement. The exceptions would be a housing association or social housing authority or landlord. If you are dealing with a letting agency, they may be able to provide you with a written sample of a tenancy agreement, as confirmed by estate agencies such as http://www.beresfords.co.uk.

The written agreement should include the tenancy type as well as other details like your landlord’s name and your name, the letting property’s address, the date of the beginning of the tenancy, the rental amount and how and when it will be paid, and the duration of your stay in the property.In most cases, as http://www.beresfords.co.uk attests, it would also include details such as how many individuals are allowed to stay in the property and how much time you need to serve notice when ending your stay in the property.

The oral tenancy agreement is more common than the written agreement in Wales and England, and whatever you and your landlord have verbally discussed should be followed. For example, if you have already agreed on the price of rent and when the tenancy would start, then this should automatically be followed and understood. The problem with an oral tenancy agreement is that often, when disputes arise, it is your word against the landlord’s.

So in your best interests, it is always better to ask for a written tenancy agreement before you begin your tenancy in any property.  Both the oral and written agreements are working in these days. The selection of the type depends on the person who is renting the property.
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