Tenancy Agreement & Deposit

The Tenancy Agreement

The Tenancy Agreement will be drawn up for a period of time agreed between you and the landlord, though the initial term will usually be 6 to 12 months. Provided the tenancy has been conducted satisfactorily and if your Landlord is prepared to renew or extend your tenancy at the end of the initial fixed period you may be offered either a Renewal Tenancy or your Tenancy can go Periodic. Depending on the Landlord’s instructions to us we will discuss this with you.

Deposit

Before or when you move into the property, you will need to pay the long term security deposit which is usually slightly more than a months rent. Our office will advise the exact amount in relation to your proposed property.

Where a Landlord agrees a cat or a dog can be kept at the property then the security deposit must be increased by £100 for each such pet and any carpets must be cleaned to a professional standard at the end of the tenancy. Please note the amount of your deposit will need to be increased by these amounts should your Landlord agree that you may keep a cat or a dog at the property at any time after the tenancy has commenced.

All deposits received by an agent or Landlord on any Assured Shorthold Tenancy must by Law be protected in one of the schemes authorized by the Government for this purpose. You will be advised which scheme your deposit is to be held in as part of the tenancy completion process and given full details of the scheme in case of any disputes over how the deposit should be allocated at the end of the tenancy.