Company let agreement: furnished property  

About this Company let agreement

This is a contractual tenancy agreement, sometimes differentiated from an assured shorthold tenancy agreement as a “non-assured” tenancy agreement. It forms a contract to let a residential property to a company: the company pays the rent and one or more employees (or perhaps an employee and his or her family) lives in the property. It includes provisions for how residents should care for furnishings and also for an inventory. 

The law in this Company let agreement

This Company let agreement has been drafted by a barrister who specialises in residential tenancy law. The document is regularly reviewed by our qualified legal team and updated as necessary, so that you always have the latest law in your agreement.

Letting to companies falls outside the Housing Acts, and so an assured shorthold tenancy agreement is not suitable. Companies also usually insist on different terms. Paying rent in a single instalment upfront, or on a quarterly or annual basis may be more convenient for the accounts department and may be beneficial for tax reasons. You may wish to include “business break clauses” to allow the company to move the employee at short notice, in a beneficial manner to the landlord.

The agreement is not suitable for terms greater than seven years (after which the law requires the property is registered with the Land Registry). Commonly, the term of a company let is much less, for example 1 to 3 years, and a new agreement with between the same parties is made once the old one expires.

Nor is it suitable for a letting where business will be carried out on the property (e.g. employees will work full time from the property). In these circumstances, a business lease would be required.

Tenant deposit protection schemes are not a requirement when letting to a company. As a landlord, you won’t need to register the deposit with one of these schemes.

When to use this agreement

This company let agreement is suitable for:

• Landlords wishing to let a house or a flat to a company
• Companies needing a pro-forma template agreement to issue to prospective landlords
• Furnished and part-furnished properties
• Situations where the residents will be single employees, groups of employees, employees with families
• Situations where residents will live in the property full time or where different employees will come and go 

Agreement features and contents 

• All standard provisions included
• Choice of 25 covenants, or tenant’s “promises” setting out what the residents can and can’t do
• Landlord’s access: to allowing viewings or show prospective buyers
• Details of rent and frequency of rent payment
• Deposit amount
• How the tenancy may end and what will happen
• An inventory (provided in the document, with explanatory notes on how to use) 

Other versions of this Company let agreement

We have two versions of a company let agreement. This one covers furnished and part-furnished properties. If you are letting an unfurnished property use this agreement: Company let agreement: unfurnished property instead.

As well as providing this as a Word format template that you complete yourself, we offer a web based drafting service that will create a company let agreement for you without you needing to consider the legal aspects of company letting.  The final document that the service produces uses the same legal wording as this one (this agreement has been drafted using the same master document that the web based service uses) and, just like this agreement, you have the flexibility to edit it in Word later. The difference is in the time it takes to produce your agreement. Using the service, you could have your final agreement in your hands in 15 minutes. The price is very comparable. For more information, visit residential tenancy agreement drafting service.

Reasons to buy from Net Lawman

Full money back guarantee – buy with confidence
This company let agreement comes with a no questions asked full money back guarantee. You take no risk that it might not be right. Once you buy it, we’ll give you 30 days to evaluate it in any way you want. If for any reason you’re not happy, just e-mail us and we’ll refund your money in full immediately.

Guidance notes included - prior legal knowledge is not required
Comprehensive guidance notes, written by the author of the document, are included. These notes ensure that you don’t need to be a lawyer or have knowledge of the law to understand which paragraphs you should edit to complete the agreement.

Minimal editing required
This company let agreement has been written specifically in such a way that you don’t need to spend hours editing it. It uses an approach where you remove the sections that aren’t applicable to you, so you don’t have to add any back, write your own, or worry about whether you are using correct legal language.

Paragraphs have been written to stand alone from each other. Removing one that isn’t applicable to your circumstances doesn’t affect the standing of any other in the agreement.

Plain language minimises future disagreements
Your company let agreement is real law written in plain language that all parties will understand. This will minimise the likelihood of later disputes.

If a dispute does arise and you find yourself in court, the judge will look more favourably on a legal agreement written in plain language over one peppered with complicated legal jargon. Your case will be stronger if it is clear that both sides understood the agreement when it was signed.

Buy once – re-use again and again
You can use the agreement as many times as you like for multiple properties – just create a new document from the master version.

Delivered straight to your inbox
As soon as you complete the secure checkout process, we will send your company let agreement straight to your inbox. We will also keep a copy for you for 60 days in our customer area so you can access it even when you are away from your e-mail.

Still unsure whether this is the right document for you?
If you are unsure whether this company let agreement is suitable for your particular circumstances, then you have two options. The first is to buy now, evaluate the document, and use the 30 day, full money back guarantee to obtain a refund if it isn’t suitable. You take no risk in seeing the agreement. The second option is to contact us using the link below and ask. We can’t offer you legal advice on your situation, but we can help you find the document you want. We aim to respond to your question within 24 hours.