Tenancy Agreements in London
For those of you who are new to London, here are the most common types of tenancy agreements that are used here:
Assured Shorthold Tenancy Agreement (AST) – Most common, most flexible. All the tenancies that started from 28 February 1997 will be AST-s unless agreed otherwise in writing. This agreement has straightforward notice procedures for bringing the tenancy to an end after the minimum 6 months period and a special Accelerated Possession court procedure should tenants fail to vacate.
Assured Tenancy Agreement - Usually issued by a housing trust or housing association. A more secure agreement granting a longer stay. Much more difficult to end than AST.
House and Flatshare Agreement -Both resident landlords and non-resident landlords can use these agreements. The main purpose is to create a tenancy agreement, which will not have the force of an Assured Tenancy or even an Assured Shorthold Tenancy Agreement. It allows both the tenant and the landlord to end the agreement quickly.
Holiday Lettings Agreement – An agreement with the intention of using the premises for holiday accommodation. The term of the letting agreement will usually be quite short, often one or two weeks, and usually less than three months, but certainly less than six months. If it is intended to create a tenancy agreement in excess of six months, an Assured Tenancy or an Assured Shorthold Tenancy or a House & Flat Share Agreement should be used.
Regulated/Protected Tenancy - If you moved into the property before 15th January 1989, you may have a Regulated or Protected Tenancy. This type of tenancy offers the most protection against rent increases or eviction.
Important: Please read the agreement carefully before signing it. You can always ask the landlord to give/send you a copy to read beforehand.
PS The tenancy agreements do not have to be in writing, even though we strongly recommend it. The verbal agreement is by law just as binding.
Sources: Houseshare.com, Government’s website Directgov, ARLA & the Citizen Advice Bureau’s Advice Guide
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