Tenancy agreements and deposits

Tenancy agreements and deposits

Tenancy agreements

A tenancy agreement is a contract between you and your tenant.

It lets the tenant(s) live in a property as long as they pay rent and follow the rules. It also sets out the legal terms and conditions of the tenancy.

Further information about tenancy agreements can be found here - Private renting for tenants: tenancy agreements: Overview - GOV.UK

Deposits

When you take a deposit from your tenant you should always issue a receipt and a detailed inventory detailing everything you provide (such as furniture, carpets and appliances) and describing the condition of the property. It is also useful to take photographs. If you have let your property on an assured short-hold tenancy you are required by law (Housing Act 2004) to register your tenant’s deposit with one of the three government-approved tenancy deposit schemes .