When it comes to renting a property, both tenants and landlords want to ensure that their agreement provides security and stability. One way to achieve this is through an assured long term tenancy agreement.

An assured tenancy is a type of tenancy agreement that gives tenants certain rights and protections under the law. This includes the right to stay in the property for a long period of time, as long as they follow the terms of the agreement.

The key feature of an assured long term tenancy agreement is that it provides tenants with a fixed term tenancy. This means that the tenancy agreement will have a set duration, typically between two and five years, during which time the tenant cannot be evicted without a legally valid reason.

For landlords, an assured long term tenancy agreement can provide financial stability and reduce the risk of void periods. It also means that they can avoid the cost and hassle of having to find new tenants every year.

However, it`s important to note that an assured tenancy also comes with responsibilities for both tenants and landlords. Tenants must pay their rent on time and take care of the property, while landlords must provide a safe and habitable home and carry out repairs when necessary.

To ensure that an assured long term tenancy agreement is legally binding, it`s important to use a written agreement and to follow the procedures and requirements set out in the Housing Act 1988.

In conclusion, an assured long term tenancy agreement can provide both tenants and landlords with peace of mind and security. By setting out clear terms and responsibilities, it can help to build a positive and long-lasting relationship between the two parties.