Assured Short Term Tenancy Agreement Meaning: A Guide for Renters
An assured short term tenancy agreement (AST) is a type of rental agreement that gives tenants the right to stay in a property for a fixed period of time, usually between six months and two years. This type of agreement is commonly used in the UK, and it provides renters with a certain level of security during their stay.
But what exactly does an AST mean for renters? In this article, we’ll take a closer look at the meaning of an assured short term tenancy agreement.
What is an Assured Short Term Tenancy Agreement?
An assured short term tenancy agreement is a legal contract between a landlord and a tenant that outlines the terms and conditions of a rental agreement for a fixed term. These agreements provide renters with a greater degree of security than other types of rental agreements, as they give tenants the right to remain in the property for a set amount of time, subject to certain conditions.
Under an AST, tenants are entitled to certain rights, such as protection from eviction without proper notice and a guarantee that the property will be maintained to a certain standard. Additionally, rent increases during the agreed term are generally not permitted, unless otherwise agreed upon in the contract.
What Should be Included in an AST Agreement?
An AST agreement should include a number of key elements, including the names and contact information of both the landlord and the tenant, the start and end date of the tenancy, the rental amount and payment due dates, and any additional terms and conditions agreed upon by both parties.
Other important details that may be included in an AST agreement include the responsibilities of both the landlord and the tenant in regards to repairs and maintenance, arrangements for deposit payments and their refund, and procedures for renewing or ending the tenancy.
It’s important for renters to carefully review the terms of their AST agreement before signing, paying close attention to any additional clauses or conditions that may be included. Renters should also ensure that they understand their rights and obligations under the agreement, and seek legal advice if they have any questions or concerns.
Conclusion
Assured short term tenancy agreements provide renters with a level of security and stability during their stay in a rental property. These agreements outline the terms and conditions of a rental agreement for a fixed term, and provide renters with certain rights and protections under the law.
When signing an AST agreement, renters should carefully review the terms and conditions to ensure that they understand their rights and obligations under the agreement. By doing so, renters can enjoy a safe and secure rental experience, without fear of eviction or other legal complications.