What To Look Out For In A Tenancy Agreement

If you decide to stay and want another fixed-term lease, a new contract must be drawn up, otherwise the contract can be automatically transferred to a legal periodic agreement, also known as a continuous contract, which means that your obligations will remain the same as in your initial contract. If something seems strange to you or you want to correct part of the contract, don`t be afraid to bring it with the owner or agent. Since 2007, landlords have been required to guarantee tenants` deposits in state-guaranteed deposit guarantee schemes. These agencies protect your deposit and make sure that you will get it back if you comply with the terms of the lease, do not damage the property and pay your rent and bills. In Scotland, in most cases, your landlord must present a written rental agreement. In particular, your landlord must provide a written lease if you are a tenant of a public sector unit or if you are an insured or briefly insured tenant of a private landlord. Student rentals almost always include a guaranteed short-term lease for a fixed term of 12 months. In addition, there are two main types of leases that a landlord can offer to a group of students. Ask for a copy of the lease that the agent/landlord wants to use BEFORE accepting a transaction. Take the copy home with you and read it correctly. According to government guidelines, all contracts – including leases – must be written in plain English, so I hope you`ll be able to distinguish the dotted “i” from the crossed “t”.

However, despite these guidelines, some contracts are ridiculously difficult to conclude. Is there a Deposit Guarantee Scheme (DPS)? If you are renting a property in a secured short-term rental, it is required by law that your deposit be included in a rent deposit system (TDP) within 30 days of receiving it. Landlords are required by law to show all potential tenants a copy of the EPC BEFORE signing a lease. What termination do you and the landlord need to give at the end of the fixed-term rental? It might take a month or two, for example. The same document will be used for settlement at the end of your rental, so if you disagree with the status report, be sure to process it. There may be cases where the deterioration of the property occurs beyond the normal wear and tear for which you are held responsible. Your landlord may ask to keep a portion of your deposit for repair costs. .