This is a comprehensive agreement that covers all the likely requirements of the owner by providing options and menus in order to make it easier for you to choose what you want to include in your business. Unsecured leases differ in many ways from secured or secured short-term leases. For example, the surety does not need to be protected in a government system, withdrawal usually begins with termination instead of notification under section 21 or section 8, and the prohibition on rental fees does not apply to this type of rental. If a lessor wishes to terminate a rental agreement for the limited period, this can only be done if the tenant violates the terms of the rental agreement, if the lessor can apply the old “expiry procedure”. Rental law expert Tessa Shepperson declares the right to rent your home by a company for the use of its employees or customers. For any other housing rental situation, you need a lease. The most common type is a secure shorthold rental agreement (most often abbreviated AST). The majority of landlords in the private rental sector (PRS) will use a Tenancy Assured Shorthold Tenancy (AST) which is the standard legal category of residential tenancy in England (Wales changes shortly thereafter, while Scotland uses private residential rental agreements). A company is in a way a “person”. He has a legal identity and is able to own a business, recruit staff and own and rent property. However, if the wrong type of document is used, it is likely that the tenant will retain all his rights and you, the landlord, will lose many of your rights, including those that refer to the search for property without it being the fault of the tenant.
Many of the protections legally afforded to an owner do not apply when a license agreement is used. Some landlords may choose to adapt a lease or add clauses to adapt it to their property. If you add your own clauses, you may want to seek legal advice. Added terms that are legally unenforceable or found to be fair may put you in difficulty under the Unfair Contract Terms Act. The periodic rental conditions are the same as for the initial lease and can be maintained indefinitely.. . . .Back to Blog