Common law tenancy agreement with service charge
A common law tenancy agreement for any high value property where the rent exceeds £100,000 a year. The rent restriction disqualifies it from being an AST. Full service charge provisions. Long menu of tough landlord covenants. It is drawn for use with a high rent flat or house, let to one or more tenants. Provides for sharing and maintenance of common areas.
- Solicitor approved
- Plain English makes editing easy
- Guidance notes included
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What this document does
This document creates a common law tenancy agreement for any residential property where the rent is more than £100,000 a year. If the rent is less, use an Assured shorthold tenancy agreement. The agreement includes full provision for a service charge: what services are included, how the charge is to be calculated, basis of accounts and more. It also includes a guarantor.
Every property is different. We give you a menu of over 40 items of control provisions (covenants) so that you can select what you want and easily delete the rest. They are there to protect your property. Of course, you can also choose to keep in or take out “standard” terms such as a provision for guarantor and provision to use a separate managing agent.
Extensive drafting notes explain even more.
What is in this common law tenancy agreement
Here are some of the most important provisions in this agreement. Of course there is much more:
- Guarantor: we advise that this is essential.
- Provision for you to use an agent (perhaps you are the agent);
- Rent deposit provisions (not controlled by statute law);
- Landlord's access: to view or show prospective lenders or buyers;
- Menu of over 40 tenant's covenants setting out what tenant can and cannot do;
- Draft form of inventory (provided in the document, with explanatory notes on how to use)
- Full service charge provision.
Alternative tenancy documents
If you want a simpler agreement to let to a company, look at Company let agreements.
This document was written by a solicitor for Net Lawman. It complies with current English law.
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