Pre Tenancy Agreement
Whether you have been a landlord since time began or have just started out, a Pre Tenancy Agreement will help you secure a dependable tenant. A Pre Tenancy Agreement enables the landlord to make an informed decision regarding a prospective tenant.
Online you will see a number of different types of tenancy agreement available. It is imperative that you undertake research to ensure you use the right type of tenancy agreement for your situation, and as appropriate to your needs.
In essence, the Pre Tenancy Agreement temporarily commits a prospective tenant to the landlords property, whereby the landlord agrees to hold the property for that tenant on receipt of the appropriate deposit money and subject to satisfactory references. The Agreement effectively reserves the tenancy so that the landlord does not show the property to others by withdrawing it from the open rental market.
This type of agreement is often regarded as invaluable to landlords as a landlord can offer the property or room before the signing of an actual tenancy agreement. Provided the tenant accepts the use of a Pre Tenancy Agreement by the landlord, if either party falls foul of the Pre tenancy Agreement, neither is stuck in the tenancy agreement. The landlord can put the property straight back on the market and take any administrative fees or similar from the deposit provided by the prospective tenant, and return the remainder to that tenant whereby each party shall be free to walk away and continue as though they had not entered into the pre-tenancy agreement. This Agreement offers each party protection, as it allows the landlord a get out should the tenant default on paying a deposit or attaining satisfactory references, and the tenant may leave if they simply change their mind, and receive their deposit back.
The Pre Tenancy Agreement will list the details of the property, such as its address and the term of the tenancy, contact details and deposit required. It will state a deadline that the references ought to be received by and that the tenancy is subject to those references being approved and accepted by the landlord.
Whether you have been a landlord since time began or have just started out, a Pre Tenancy Agreement will help you secure a dependable tenant. A Pre Tenancy Agreement enables the landlord to make an informed decision regarding a prospective tenant.
Online you will see a number of different types of tenancy agreement available. It is imperative that you undertake research to ensure you use the right type of tenancy agreement for your situation, and as appropriate to your needs.
In essence, the Pre Tenancy Agreement temporarily commits a prospective tenant to the landlords property, whereby the landlord agrees to hold the property for that tenant on receipt of the appropriate deposit money and subject to satisfactory references. The Agreement effectively reserves the tenancy so that the landlord does not show the property to others by withdrawing it from the open rental market.
This type of agreement is often regarded as invaluable to landlords as a landlord can offer the property or room before the signing of an actual tenancy agreement. Provided the tenant accepts the use of a Pre Tenancy Agreement by the landlord, if either party falls foul of the Pre tenancy Agreement, neither is stuck in the tenancy agreement. The landlord can put the property straight back on the market and take any administrative fees or similar from the deposit provided by the prospective tenant, and return the remainder to that tenant whereby each party shall be free to walk away and continue as though they had not entered into the pre-tenancy agreement. This Agreement offers each party protection, as it allows the landlord a get out should the tenant default on paying a deposit or attaining satisfactory references, and the tenant may leave if they simply change their mind, and receive their deposit back.
The Pre Tenancy Agreement will list the details of the property, such as its address and the term of the tenancy, contact details and deposit required. It will state a deadline that the references ought to be received by and that the tenancy is subject to those references being approved and accepted by the landlord.
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