A well-drawn-up agreement which is clear and understood by both parties is one of the best investments that can be made. There are a number of different types of tenancy agreement.

Agreements vary but mainly include:

• Contact details for all parties
• Agreed deposit monies
• Amount of the monthly rent
• Rental period and what happens at the end of the rental period

The most common type of agreement is the Assured Shorthold Tenancy. This contract typically lasts for 6 months and at the end of this time the landlord has a right to have the property back, whatever the circumstances.

House/Flat Shares can use an Assured Shorthold Tenancy in joint names. Tenants should make sure that everyone has an individual agreement so that if one person fails to pay their rent the rest are not responsible for his/her share.

Assured Tenants have more rights, including no limit on how long they can stay. The agreement can also be extended to include a spouse or partner.

Regulated Agreements are rare. They only exist if the property was rented before 1989 and can be extended to include any member of the family.

Whether you are a landlord or tenant, it is essential that you have an independent legal company check that the agreement is accurate and fair.

Before you move find out more about:

• Tenant property checklist
• Rental budget
• Lettings insurance
• Your rights as a tenant
• Your landlord’s rights

Ready to move?

• Set up home services
• Organise removals
• Get a reliable man with a van
• Update your address details