When renting out a property to residential tenants, whether you have bought-to-let or you have inherited a property and wish to make an income from it rather than sell it, the key to peace of mind as a landlord is to have a well-drawn up tenancy agreement in place.
Here at George Ide LLP, our commercial property solicitors have specialist local knowledge of the renting market in this area and have helped many landlords in Chichester and further afield with astute legal advice to ensure their tenancy agreements are lawful under the Landlord and Tenant Law, and that their best interests are upheld.
Once a tenancy agreement is in place, we can also help you if a dispute arises and we will be on hand to help mitigate the stress and financial impact should tenants default on any aspect of their agreement.
Although there is no rule in English and Welsh law which states that tenancy agreements must be a written document, there may be obvious potential problems if a tenant and landlord only have a verbal contract between them.
A written tenancy agreement sets out rights to protect both landlord and tenant, and, if drafted correctly, will be legally enforceable.
There are a number of different types of tenancy agreement, but the most commonly used are the ‘assured shorthold tenancy’ and the assured tenancy’.
This type of agreement usually covers a period of six months, with the tenant having fewer rights to stay on in the property at the end of the contracted period.
These types of tenancy are sometimes used at the beginning of a longer let so that both tenant and landlord can end the contract if they are not happy with the arrangement.
These agreements are most commonly used by registered social landlords and housing associations, but some private landlords also choose to offer an assured tenancy. This agreement will include details of an agreed tenancy period, but gives the tenant greater rights to stay in the property at the end of the specified period.
Here at George Ide we can help you decide which type of tenancy agreement would suit your circumstances as a landlord and can draft you an agreement or check the legality of an existing one.
We can explain all related legal issues of being a landlord and our experience in this field means we can also highlight any pitfalls, such as terminating a tenancy and how to deal with disputes.
As a landlord, you will be aiming to make an income from your property and we understand that keeping costs as low as possible will be important at all times in handling details related to your property and the tenancy of it, so we strive to make our service as cost-effective as possible.
We believe that communication, negotiation and mediation are key in all landlord and tenant disputes and, whenever possible, aim to settle disagreements without the need for litigation. However, should these methods fail we are committed to robustly protecting our clients’ rights and interests through the courts, if necessary.
For more legal advice on tenancy agreements from commercial solicitors in the heart of Chichester why not call our offices in North Street today. Alternatively, to find out more about the team, please click through to the staff profiles as featured on this page.