A lease can be either for a set period of time, which means it ends on a given date, or it can be periodic, meaning it runs from week to week or month to month. The procedure provided for in Article 8 is used if the owner wants to terminate the rental relationship and has reasons to do so. These reasons can vary, although they usually lie around the tenant who has broken a certain lifespan of the AST. Frequent reasons for using Section 8 Notice of Termination are that the tenant is late in their rent (usually at least eight weeks) that has damaged the property or behaved antisocially/harassed neighbors. 7. Your name and contact information or those of your rental agent if you use one If you rent a property that you own, there are certain things you must do as a lessor, if the fixed deadline of a tenancy Assured Shorthold agreement expires, you can get the rental of your tenants for the evacuation of the property. The word “shorthold” is a bit misleading. ASTs are not necessarily short. The term shorthold is used to distinguish the AST from lease agreements that give tenants common rights – see later.
New ASTs are usually granted for fixed terms of 6 or 12 months, but according to this legal blog, there is no minimum term and they can be granted for a maximum period of seven years. While there is no legal obligation to do so, it is a good idea to make an inventory of the contents and a report on the condition of a property before giving it to a tenant. Indeed, many standard AST documents refer in the text to an inventory and allow it to be attached as an annex. These agreements create a secure short-term lease (SSA) for the entire property. All tenants of the contract are jointly and severally liable for the lease. This means that they are jointly responsible for all rent and all damages caused by a breach of their lease. A secure short-term rental agreement or abbreviated AST is the most experienced type of lease used today in residential rentals.. . .