Wednesday 14 May 2014

What is a Tenancy Agreement ?

A Tenancy Agreement is a contract between a tenant and a landlord, indicating the terms and conditions of their rental agreement. The agreement will specify such conditions as rent, the length of the tenancy, repair responsibilities, the amount of the deposit, and when the landlord is able to visit the property.
Please note that, if your landlord doesn’t give you a written tenancy agreement, is your right to ask for one! Be cautious, and read the agreement carefully. Make sure you understand and agree to the terms and conditions before you sign it.

Ending a Tenancy Agreement
Before you move out of your rented property, you must end your tenancy agreement first. If you don’t end your tenancy, you’ll be liable to pay rent. Details on how to end your agreement depends on whether your agreement is for a fixed terms (6 or 12 months) or is periodic (week to week or month to month).

To legally end an agreement, both sides must agree and sign the document. If your tenancy agreement is on fixed term basis, the tenant can’t just leave the property whenever they want, but have to wait until the agreement expires. However, there might be some exceptions where both parties can end the agreement before the end of the fixed term. A tenancy agreement is a contract between a tenant and a landlord, indicating the terms and conditions of their rental agreement. The agreement will specify such conditions as rent, the length of the tenancy, repair responsibilities, the amount of the deposit, and when the landlord is able to visit the property.
 Please note that, if your landlord doesn’t give you a written tenancy agreement, is your right to ask for one! Be cautious, and read the agreement carefully. Make sure you understand and agree to the terms and conditions before you sign it.