Tenancy Agreements and Deposits

Whether you’re a landlord or a tenant, it makes good sense to have a solid tenancy agreement in place. Not only will this highlight your rights and responsibilities but it will also help maintain a positive relationship between you and your landlord or tenant.

A tenancy agreement is a contract between a tenant and a landlord. It should clearly explain what is expected of each party, providing everyone with the peace of mind that they know where they stand.

As well as asking a tenant to sign a tenancy agreement, landlords are also legally entitled to request a deposit before letting a property to a tenant. The deposit provides security to the landlord but should be returned to the tenant at the end of the lease, providing that the terms set out in the tenancy agreement have been met. Landlords are now legally required to place the deposit in one of three government-backed tenancy deposit schemes.

Deposit schemes are not the only regulations that landlords must adhere to prior to, and during, letting a property. Failure to comply with these can cause great difficulties if it becomes necessary to evict a tenant. Our experienced solicitors can advise landlords and tenants on their rights and obligations.

Colin Brown & Kidson offers expert advice regarding tenancy agreements and deposits for both tenants and landlords. So if you have a question or would like to find out how we can help, give us a call today on 01947 603391.

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