3.4 Agreeing the letting
You should ensure you understand the requirements of potential tenants and the flexibility on tenancy length offered by the assured shorthold tenancy to meet these requirements. Consideration should be given to the granting of longer tenancy agreements where this is appropriate for both parties.
You should provide tenants with a copy of How to rent – the checklist for renting in England.
When negotiations are concluded, you should send written confirmation to the potential tenant setting out:
• the tenancy terms
• the costs that the tenant will be responsible for
• the deposit
• any holding deposit, clearly stating the basis of such a deposit and all associated terms and conditions
• the total sum required on signing
• any guarantor requirements, if applicable
• the methods of payment that could apply; and
• the procedure to follow when the tenant comes to sign the tenancy agreement.
Longer fixed terms
There is a lot in the press around longer fixed terms – tenants organisations claim that they are desparately needed, landlords organisations claim that few tenants want them. No doubt the true picture is somewhere inbetween.
There are probably two main reasons why landlords tend not to grant them:
- prohibitions on longer fixed terms by their mortgage companies and
- problems in evicting tenants if they prove to be unsatisfactory.
Government checklist for tenants
I did a review of this here.