If you have a property you wish to rent out, it is vital that you use the right agreement, both to protect yourself and to ensure that you comply with the law relating to tenants’ rights. Here at Caversham Solicitors our Conveyancing team are adept at creating these extremely important documents.
The vast majority of houses which are rented out in the UK are let through an Assured Shorthold Tenancy and although these are relatively straightforward agreements, they still need to be drawn up by an expert, particularly if there are non-standard clauses involved. Landlords who get it wrong can find that they are unable to collect rent arrears or give their tenants notice to quit – and may be fined up to £3,000.
An Assured Shorthold Tenancy is actually a form of Lease, but it may be that a property is more suited to a longer lease, with different terms and conditions than the simpler document allows. Such Leases are often extremely complex, perhaps 50 pages long, and again, definitely need considerable experience to examine before entering into one.
To discuss what Lease is most appropriate for your residential property, or to obtain advice on a document which you have received, For more information, you can email Patrick Kilby at Patrick@cavershamsolicitors.co.uk or phone us on 0118 947 8638.