An assured shorthold tenancy agreement (AST) is a legally binding contract between a landlord and a tenant. It outlines the terms of the tenancy agreement and the rights and responsibilities of both parties. The Residential Landlords Association (RLA) has created its own version of an AST, which is highly recommended for landlords in England and Wales.
The RLA`s AST includes all the necessary clauses required by law, but also includes additional clauses that protect the landlord`s interests. For example, the agreement specifies that the tenant is responsible for keeping the property clean and tidy, and for reporting any damage that occurs during their tenancy. The agreement also includes provisions for rent increases and for ending the tenancy.
One of the advantages of using the RLA`s AST is that it has been designed to comply with all the relevant legislation, so landlords can be sure that they are using an up-to-date and legally sound tenancy agreement. Additionally, the RLA provides support and advice to its members, so landlords can get help if they need it.
It is important to note that an AST is only appropriate for letting a property to private tenants. It cannot be used for letting to companies or for letting to council or housing association tenants. If you are in doubt about the type of tenancy agreement you need, it is advisable to seek legal advice.
In conclusion, the RLA`s assured shorthold tenancy agreement is a reliable and comprehensive document that offers peace of mind to landlords. By using the RLA`s AST, landlords can be sure that they have a legally sound agreement that protects their interests and complies with all relevant legislation. If you are a landlord in England or Wales, it is highly recommended that you use the RLA`s AST when letting your property.