What Is a Rented Property?
A rented property is a home or commercial space leased to a tenant by a landlord in exchange for rent. In the UK, rental agreements are governed by landlord-tenant laws, ensuring both parties meet their legal obligations.
Types of Rental Agreements in the UK
- Assured Shorthold Tenancy (AST) – The most common rental agreement for private tenants.
- Assured Tenancy – Offers long-term security but is rare in private rentals.
- Excluded Tenancy (Lodgers Agreement) – Used when a tenant rents a room in a landlord’s home.
- Company Let Agreement – When a business rents a property for employees.
Tenant Responsibilities
- Pay rent on time.
- Maintain the property (basic upkeep).
- Report repairs to the landlord.
- Follow tenancy agreement rules.
Landlord Responsibilities
- Provide a safe and habitable home.
- Protect the tenant’s deposit in a government scheme.
- Carry out repairs for plumbing, heating, and structure.
- Follow legal eviction procedures (if necessary).
Key Legal Requirements for Rented Properties
- Deposit Protection – Deposits must be held in a government-approved scheme (TDS, DPS, or MyDeposits).
- Right to Rent Checks – Landlords must verify a tenant’s legal right to live in the UK.
- Energy Performance Certificate (EPC) – Must be E rating or higher for new rentals.
- Gas & Electrical Safety – Annual gas safety checks and five-year electrical inspections are required.
How Fraser Bond Can Help
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