A Tenancy agreement is a written contract between landlord and tenant.
The most common form of this document for private lettings is a 6 month assured short-hold tenancy agreement, better known as an AST.
AST’s are usually used with the intention of granting a tenancy for a short period, usually 6 to 12 months. To a maximum length of time of 3 years.
AST’s are automatically created if the parties do not state what type of tenancy they wish to create.
Preferentially Assured Shorthold Tenancy Agreement allows either the landlord or tenant to end the tenancy after the initial six-month period (or after the agreed full length of the tenancy if this is longer) by simply serving upon the other party the required possession notice.
The document should have the terms and conditions of tenancy and highlights the duties and liabilities set out by both the tenant and the Landlord.
If there is any dispute between the two parties the court with help of the agreement would settle and provides the framework which governs the arrangement between them. Not having the correct paperwork can be detrimental in legal proceedings.
PLA can be tailor make your tenancy agreement to suit your deposit status, and negotiated terms and conditions -
You can read more about Tenancy agreements on the Governments Website