What Is Tenancy Agreement Mean

You can find out more about the rental deposit obligation at the following address: www.communities.gov.uk/index.asp?id=1152035 If you sign a joint rental agreement with another person or group of people, you have the same rights and obligations as others. You have two options when the lease expires: the original tenant becomes the immediate owner of the subtenant and has the same responsibilities as a real landlord. Their rental is valid as long as it`s theirs, but if they`re evicted, you probably will be too, unless you can agree with the actual owner. If both parties agree, the fixed term may be extended. If no action is taken, the fixed-term lease is converted into a more flexible periodic lease for both parties. A periodic tenancy would continue indefinitely as long as the tenants and landlords agreed. Ask your landlord to give your consent in writing. This can help you and your landlord understand your rights and obligations…

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