West Lodge Student accommodation
Rectory Lodge Student accommodation
An Assured Shorthold Tenancy is the most frequently used tenancy agreement in the letting of residential properties. This type of agreement is also referred to as an ‘AST’ or ‘Shorthold Tenancy’.
Assured Shorthold Tenancy agreements are normally arranged for a six month period, but can be agreed for a longer period, e.g. twelve months. This type of tenancy allows the tenant to remain in the property for the first six months, or initial fixed period.
The main requirement with this type of agreement is that the landlord and tenant agree on the minimum term and amount of rent. An Assured Shorthold Tenancy ensures that the tenant is protected in terms of the sum of rent. This means that the tenant has the right to challenge excessively high rent or changes in the agreed rent.
Tenancy deposit protection (TDP) schemes guarantee that tenants will get their deposits back at the end of the tenancy, if they meet the terms of the tenancy agreement and do not damage the property. Landlords must protect their tenants' deposits using a TDP scheme if they have let the property on an assured shorthold tenancy (AST) which started on or after 6 April 2007.
Landlords or agents must use one of the three approved TDP schemes to protect tenants' deposits where these conditions apply. If any other scheme is used, deposits are not protected in law. The three approved schemes are:
Deposit Protection Service (DPS)
Tenancy Deposit Scheme (TDS)
encourage landlords and tenants to draw up clear tenancy agreements
provide a free service to resolve disputes
TDP schemes do not cover holding deposits. Tenants can pay you holding deposits before they have signed a rental agreement. You are not required to protect a holding deposit with a scheme before someone becomes your tenant. However, once they are your tenant the holding deposit becomes a deposit which must be protected with a scheme.
Accreditation of landlords has been a feature of the private rented sector for more than 15 years. It is the certification that a product or service has been evaluated independently and meets an agreed standard.
Accreditation is becoming increasingly important and has been adopted by councils as a way of ensuring that goods and services are safe within the private rented sector. Councils often base their Accreditation schemes on Property inspections, awarding the landlord with accredited status once a percentage of their properties have been inspected.
NLA Accreditation is purely based on Landlord Development and good management practice. It is a national scheme which offers greater consistency for all landlords, tenants and councils to recognise.