The Importance of Tenancy Agreements
All landlords and tenants should have a tenancy agreement. Although it is possible to create a tenancy without one it would be unwise to do so.
The tenancy agreement is one of the most important documents to protect a landlord’s position. Any tenancy agreement must be fair and written in plain English but should be in depth enough to protect the landlord for all circumstances. A good quality tenancy agreement will often be 20 to 30 pages long.
Keeping your tenancy up to date is essential. Legislation and rules are constantly changing and therefore so should your tenancy. It is dangerous to keep reusing the same document. If your tenancy has been on a periodic basis for some time, it would be good to issue a new updated tenancy to make sure you fully protected and covered.