As a landlord, it is important to have a legally binding agreement in place when renting out your property. An assured shorthold tenancy (AST) agreement is the most common type of tenancy agreement used in the UK and is used for properties that are let to private tenants. In this article, we will take a closer look at what an AST agreement is, why it is important, and what should be included in an AST agreement template.

What is an Assured Shorthold Tenancy?

An AST is a type of tenancy agreement that gives both the landlord and tenant certain rights and responsibilities. It is usually used for tenancies where the rent is less than £100,000 per year, the tenant is an individual (not a company), and the property is the tenant`s primary residence. AST agreements can be for a fixed term (usually 6 or 12 months) or periodic (rolling on a month-to-month basis).

Why is an AST Agreement Important?

Having an AST agreement in place provides both the landlord and tenant with legal protection and clarity about the terms of the tenancy. It sets out the rights and responsibilities of both parties, including how much rent is to be paid, when it is due, and how long the tenancy will last. It also covers issues such as deposits, repairs and maintenance, and the landlord`s access to the property.

What should be included in an AST Agreement Template?

An AST agreement template should include the following:

1. Names and addresses of the landlord and tenant

2. Property details, including address and description

3. Rent and deposit details, including the amount, payment dates, and how the deposit will be protected

4. Term of the tenancy, including start and end dates

5. Rights and responsibilities of the tenant and landlord, including repairs and maintenance, access to the property, and restrictions on subletting

6. Restrictions on the use of the property, such as no pets or no smoking

7. Termination of the tenancy, including notice periods and procedures for ending the tenancy

In addition, the template should comply with the latest legal requirements and regulations, such as the Tenant Fees Act, which restricts the fees that landlords can charge tenants.

In summary, an AST agreement is an important legal document that provides clarity and protection for both the landlord and tenant. An AST agreement template should include all the necessary information and comply with the latest legal requirements and regulations. By using an AST agreement template, landlords can ensure that their properties are rented out legally and safely.