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For the use of mortgage intermediaries & other professionals only

Tenancy Agreements

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:

  • Details of the parties involved
  • The date that the tenancy began
  • The duration of the tenancy
  • Details of the initial deposit that the tenant should pay and how it is to be protected
  • Details of the monthly rent, when it is due and how it is to be paid
  • The length of notice that the tenant and landlord need to give to end the tenancy
  • Details of the tenant's obligations while renting the property
  • A provision confirming that the tenant is not liable for fair wear and tear to the property

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 your clients seek advice from a letting agent or independent legal advice on the terms of the proposed tenancy agreement.

Initial deposits

Initial deposits cover the landlord against missing items or any damage caused by the tenant.

For the use of mortgage intermediaries & other professionals only

If you do not have professional experience, you should not rely on the information contained on this site. If you are a professional and you reproduce any part of the information contained on this site, to be used with or to advise private clients, you must ensure it conforms to the Financial Conduct Authority's advising and selling rules. These pages are for the use of those people who are resident and ordinarily resident in the UK and should not be regarded as an offer or invitation to sell Mortgage products in any jurisdiction other than the UK.

Birmingham Midshires is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered office; The Mound, Edinburgh, EH1 1YZ

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