Different Types Of Tenancy And Its Terms And Conditions

The period of holding or occupying any property is a tenancy. The relation of tenant-landlord is very complex, so some laws protect both tenant and landlord to eliminate different issues. Since landlord-tenant law differs but very important is to know about your rights preferably before you even sign your rental agreement and these are the best guarantee to solve future problems. The tenancy agreement can give both you and your landlord more than your statutory rights, but cannot give you less than your legal rights. The tenancy terms can be according to express or implied terms of written and oral contract according to conditions.

The contract between tenant and landlord can be oral or written. The agreements give a guideline and related rights regarding accommodation. According to an agreement, these rights should be obeyed as according to law.

There are different types of tenancy agreement.

Assured tenancy

Public-sector landlords often use this. It gives you far greater rights to stay at the end of the tenancy period agreed. You should contact your solicitor before you agree to the terms of a tenancy with your landlord. This will give you the chance to check whether the terms are fair and legal before you entrust to them.

Fixed term tenancy

Council offers a fixed term tenancy it is offered for certain time and then will be reviewed. A fixed term tenancy can only be ended by the council/housing association following a breach of the tenancy conditions by the tenant.

Assured shorthold tenancy

This is normally for six months. You have no right to stay at the end of the tenancy period agreed if your landlord has given you a valid notice to leave.

Secure Tenancy

This type of tenancy is for those having an introductory tenancy for 12 months or who have been a social tenant before and are transferring home. Only a court order can end up your court order and provide many rights to secure tenant like the right to improve the property, right to take lodger or right to apply for a transfer.

Non-secure Tenancy

In a non-secure tenancy, there are no rights as secure tenant like the right to exchange, buy, and succession as well as take in lodgers. It is given when the homeless household is placed in momentary accommodation owned by the council.

Excluded tenancy

It is an agreement in which a lodger is living in the home and share rooms with them. This usually gives your lodger less protection from eviction than other types of agreement.

Regulated tenancy

Tenancies starting before 15 January 1989 may be regulated. Your tenants have increased protection from eviction and can apply for a ‘fair rent’.

Starter Tenancy

Starter tenancies are like introductory tenancies offered by the council that lasts for 12 months. The tenancy can be ended by the serving of a notice of seeking possession and then seeking a court order to remove you from the property.

Now many reputed property sourcing companies are providing different legal services regarding property matters and tenancy issue and make it easy for the people to solve the complex legal issues of tenancy and other property matters. You can hire the property sourcing services regarding legal as well as financial issues; This will give you a peace of mind.