There are three types of tenancy agreements used
between tenants and landlords
- Assured Shorthold Tenancy (AST)
- Assured Tenancy
- Regulated or ‘Protected’ Tenancy
Assured Shorthold Tenancy (AST)
This type of tenancy agreement is used while renting
private properties. The agreement is arranged for six months period or somewhat
longer like twelve months. The tenant and landlord can negotiate the sum of
rent and the tenant has the right to challenge high rent or change the agreed rent. A property may be subjected to an AST only if
it is an accommodation and the landlord doesn’t live in it.
A housing association or a housing trust uses
Assured tenancy agreement for properties. This type of tenancy is beneficial
and secure for those who want to live in property for a long duration while
complying with the terms of the agreement.
Regulated or ‘Protected’ Tenancy
This
tenancy agreement type offers the tenant the highest level of protection
against eviction and increased rent
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ReplyDeleteThe Protected tenancy agreements should be enforced by Regulatory Authorities because they ensure maximum protection for tenants. Nice sharing, Thanks
ReplyDelete