Today's Tenancy Agreement Providers
Why Is a Tenancy
Agreement Necessary?
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When letting your property out, it is
important to have a detailed
tenancy agreement that specifies your rights
as a landlord and the limit of the tenant's rights. A comprehensive
tenancy agreement uk will help you rent your property more
easily....
There is a risk that your new tenants refuse
to pay rent for some reason. Non or late payment of rent is a the most
common cause of dispute between landlords and tenants. The Department of
Environment, Transport and the Regions in a Housing Research Summary
Private Landlords in England. Updated 4 December 2000 states:-
�Nearly all agents and half of all
landlords (residential market) have asked tenants to
leave on at
least one occasion since 1988, usually due to arrears and for unacceptable
tenant behaviour (damage, noise, violence, abusive behaviour). Thirty per
cent of landlords and 80% of agents had taken court action at least once
since 1988.�
Approximately 60% of these
enter the court system - without a tenancy agreement you risk losing
thousands.
Alternatively, squatters
may enter the property during a void period. Both are equally damaging.
For the landlord, a tenancy agreement allows you to secure certain legal
undertakings from the tenants; commonly, that tenants will pay rent, not
damage the property during the tenancy, will leave the premises promptly
and in good order and repair at the end of the tenancy. For the tenant, it
allows peace of mind that their occupation of the premises will be
peaceful and without interruption, so long as they act within their
agreement...
