There are different types of tenancies, the main one that you will be using will be an Assured Shorthold Tenancy (AST), as set out under the Housing Act 1988 (amended 1996).
While the law does not require for an AST to be written down it is important to ensure that a comprehensive tenancy agreement sets out the terms of the agreement.
Tenancy Deposits (Bonds)
Deposits taken after the 6th April 2007 must be protected within a Tenancy Deposit Scheme and Prescribed Information must be given to the tenants. At John Grants we are members of The Dispute Service (TDS).
You may need to Serve Notice on your tenant either to end the tenancy or to rectify any breach of contract. It is important that these are served correctly and as set out under the Housing Act.
‘John Grants (Estate Agents) Ltd. protects monies of clients through: NALS – CMP (Client Money Protection scheme?), we are also members of a redress scheme: The Property Ombudsman – TPO’ (Consumer Rights Act s83)