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Assured Shorthold Tenancies
The majority of tenancies will be Assured Shorthold Tenancies (AST’s). The key features of AST’s are:
- Must be the tenant’s main home
- Must be a person or group who rent the property
- The rent cannot be in excess of £100,000 per annum
- Not a resident landlord
- Have no more than 2 acres of agricultural land
Tenancies are usually for an initial fixed term of 6 or 12 months. When the fixed term has come to an end, the landlord is able to regain possession of the property by providing the tenant with two months written notice.