Company Let Agreement

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Completion notes included

When should this tenancy agreement be used?

This form is for use where the tenant is an incorporated body (e.g. a limited company, limited liability partnership (LLP) etc). Where there is more than one tenant none of them must be individuals. They must all be incorporated bodies.

What type of tenancy does this create?

The tenancy is not an assured tenancy.

Do I need to protect the deposit?

If you take a deposit it does not need to be protected under one of the Government approved tenancy schemes.

How do I end this tenancy?

If it is a common law tenancy you do not need to serve a Section 21 Notice or a Section 8 Notice to obtain possession. It is a fixed term tenancy which then runs on automatically as a monthly tenancy. You will need to give a notice to quit to terminate the tenancy.

Do you use guarantors?

To avoid potentially successful unfair terms challenges, the RLA recommends that a new guarantor form should be provided to the guarantor for their signature prior to every new tenancy. This includes renewing an existing tenancy (or when you expressly agree to extend a tenancy).

For more information on guarantor obligations and cancellation rights please see the explanatory guide attached to the RLA guarantor forms here.

Confused?

Is this the correct Tenancy Agreement for you? Read the RLA Guide to Tenancy Agreements.

WARNING - Are you entering a Tenancy Agreement with a new tenant for a property for which a Green Deal charge is payable?

If so - the Tenancy Agreement must contain a prescribed form of acknowledgement under which the tenant agrees to pay off the Green Deal charge.

If you fail to comply you may well have to repay the full Green Deal charge.

The Green Deal has only recently been introduced so it will take time before there are many properties where energy efficiency improvements have been carried out giving Green Deal Finance. Green Deal Finance is repaid via a charge on the electricity meter.

Where a new tenant becomes the bill payer, they must be given a copy of the Energy Performance Certificate (EPC) giving details of the Green Deal before they view the property or at the first viewing and then sign the required acknowledgement in the Tenancy Agreement itself to say that they agree to pay the ongoing Green Deal charges.

The RLA can provide you with the required documentation so if you are in this situation please contact the RLA office immediately for further guidance.

February 2013

RLA Company Let Agreement

The RLA Company Let Agreement offers the following benefits:

  • *NEW* Save the Company Let Agreement - Enabling you to store the agreement on your computer.
  • Complete On-Screen - Meaning you no longer have to hand-write the agreement out.
  • Easy to Understand - The agreement is in plain English, meaning there is no jargon, gobbledygook and other confusing language.
  • Constantly Developed - As soon as Housing Law is changed, our agreement is updated by the RLA. Use in confidence that you will not fall foul of legislation.
  • FREE Telephone Support - On any aspect of the Tenancy is available to RLA members.
  • Completion Instructions - Are available to assist you in completing the tenancy agreement.

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