Company Let

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D
Dynamite
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If a property is let to a company, rather than individual tenant(s), then the tenancy does not come within the provisions of the Housing Act 1988, and therefore cannot be an Assured Shorthold Tenancy. The property must be let on a “Company Tenancy Agreement”, which in essence is similar to the AST. References must be taken up on the Company – accountant, solicitor and search on company files. When preparing the tenancy agreement, it is advisable to either name the permitted residents or restrict the number of residents. Also, to be a Company Let, the tenant must be a limited company – either a PLC or LTD.
02/04/2008 00:00

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