A tenancy agreement is a contract between the landlord and tenant. It is most likely to be an Assured Shorthold Tenancy agreement (AST), which is regulated by the Housing Act 1988 as amended, and provides limited security of tenure to the tenant. Although the content of tenancy agreements varies, they should contain the following clauses:
The tenancy agreement should be signed by the tenant and the letting agent, or the landlord if no agent is involved. It can subsequently be changed if both parties agree. We recommend that you seek advice from a letting agent or independent legal advice on the terms of the proposed tenancy agreement.
Initial deposits cover the landlord against missing items or any damage caused by the tenant.
For letting agents and legal services we act as introducers only.
Your property may be repossessed if you do not keep up repayments on your mortgage.