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Tenancy agreements and deposits

It is important to ensure that as a landlord or a tenant, you have a tenancy agreement in place. Most tenancy agreements will be Assured Shorthold Tenancies as this is the most common way of letting residential property. Understanding your rights and responsibilities before you take occupancy of your home or let property will help to ensure the experience is a good one.

A tenancy agreement is a contract between a landlord and tenant. Some helpful points to note are:

  • The tenancy should provide for what is expected of each party
  • It should provide peace of mind so that  you know where you stand
  • Where a deposit is provided (the deposit provides security to the landlord but should be returned to the tenant at the end of the tenancy, providing that the terms set out in the tenancy have been met) the landlord is legally required to place the deposit in one of three government backed tenancy deposit schemes
  • Certain information must be provided in relation to the deposit scheme within a fixed time scale
  • If there is a mortgage on the property, there may be an obligation to obtain the  Lenders' consent before an Assured Shorthold Tenancy agreement can be entered into
  •  If the property is owned under a lease then there may be an obligation for the  landlord of the lease to consent to the tenancy

If the property is to be occupied by persons who do not form a single household then you will need to ensure the requirements of Houses of Multiple Occupation are complied with.

QualitySolicitors Knight Polson offer expert advice regarding tenancy agreements, deposits for both tenants and landlords, and landlord and tenant matters generally. So if you have a question or would like to find out how we can help, give us a call today on 023 8064 4822 or email us. Our friendly and knowledgeable property team is here for you and our free initial assessment promise ensures that it won’t cost you a penny to see how we can help you. With no hidden costs and our same day response promise, you can get answers to your questions quickly and easily. We would be only to happy to help you. Speak to us about managing your property as landlord for you.

Offices in Eastleigh and Fareham.

Team members

Peter Booker
Director, Solicitor and Head of Commercial Property
Eastleigh, Fareham

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