What are the two different types of tenancy agreements?

What are the two different types of tenancy agreements?

Types of tenancy agreements

  • Introduction.
  • Private Tenancies. Assured Shorthold tenancy (AST) Assured tenancy. Regulated Tenancy.
  • Lodgings and subletting. Excluded occupier. Occupier with basic protection. Subtenants.
  • Employment-related tenancies. Service Occupier. Agricultural occupier.
  • Council tenancies.

    What’s the difference between a lease and a tenancy agreement?

    Tenancy or lease Technically in law, there is no difference between the terms “tenancy” and “lease”. However, statutes relating to letting residential property most often use the word “tenancy”, while those regulating commercial occupancy use the word “lease”.

    What do you need to know about a tenancy agreement?

    A tenancy agreement is used for tenants of residential properties and is subject to the Residential Tenancies Act 1986 (“Act”). Where tenancy agreements include the obligations of either party, they are generally not as detailed or stringent as the responsibilities and warranties included in Leases.

    Tenancy agreements are suited to short term tenants such as people who are transitioning and are often used in residential rental properties. Both lease and tenancy agreements have their advantages and disadvantages. Rental agreements allow landlords to rent properties that might not be desirable to long-term renters.

    Are there other types of tenancy agreements than ASTs?

    There are other tenancies that are not as common as ASTs, including: Excluded tenancies or licences. If you have a lodger living in your home and share rooms with them, like a kitchen or bathroom, you may have one of these. This usually gives your lodger less protection from eviction than other types of agreement.

    When do you need a periodic tenancy agreement?

    We note that a periodic tenancy typically requires that the landlord give 90 days’ notice for the tenant to vacate the premises in accordance with the Act. Tenancy agreements are suited to short term tenants such as people who are transitioning and are often used in residential rental properties.

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