Main Terms of the Agreement Clause Samples

Main Terms of the Agreement. The Parties 1.1 This is an agreement for a fixed term assured shorthold tenancy. This agreement is made the day of #full_date#. 1.2 The parties are: The landlord(s) (“the Landlord”): #owner_name_block# #owner_company_name# Address: #owner_address_block# email: #owner_email_block# The “Landlord” shall include the Landlord’s successors in title and assigns. This is the person who would be entitled to possession of the Property if the Tenant was not in possession and could be the current Landlord or someone purchasing or inheriting the Property. and the following tenant(s) (“the Tenant”): email: #applicant_email_block# Guarantor: #applicant_guarantor_name# (add if applicable) Address: #applicant_guarantor_address_block# email: #applicant_guarantor_email_block# email: #applicant_2_email_block# Guarantor: #applicant_guarantor_name# (add if applicable) Address: #applicant_guarantor_address_block# email: #applicant_guarantor_email_block# email: #applicant_3_email_block# Guarantor: #applicant_guarantor_name# (add if applicable) Address: #applicant_guarantor_address_block# email: #applicant_guarantor_email_block# email: #applicant_4_email_block# Guarantor: #applicant_guarantor_name# (add if applicable) Address: #applicant_guarantor_address_block# email: #applicant_guarantor_email_block# 1.3 The parties confirm that they agree with the Terms & Conditions and the Privacy Policy of Rent Happily from the moment they registered their account and/or signed this agreement.

Main Terms of the Agreement.  This section of the agreement outlines the specific terms that are unique to this particular agreement.  This section contains the specific details and conditions that will directly impact the landlord and tenant throughout the tenancy. Property Management made easy – AST Guide v1  Clause B3.4 of the agreement requires the landlord to disclose whether the property is subject to a mortgage. Landlords are obligated to obtain consent from their mortgage provider before renting out the property. If the landlord has mortgaged the property and fails to comply with the mortgage conditions (such as missing mortgage payments), the mortgage provider may have the right to receive rent directly from the tenant. This can be done through the appointment of a receiver of rents or by repossessing the property from the landlord.  In cases where the mortgage provider exercises this right, they may prefer to have the property vacant for sale. Therefore, the receiver or mortgage provider may, under certain circumstances, request the tenant to vacate the property before the end of the fixed term. This is outlined in ground 2 of schedule 2 to the Housing Act 1988 (referred to in clause E1), as well as in clause F4 which describes a break clause in situations where the landlord is in mortgage arrears and a receiver has been appointed. Property Management made easy – AST Guide v1  Clause B4.1 of the agreement specifies the start and end dates of the tenancy. This period is referred to as 'the term' of the tenancy. This clause also explains that the landlord has the right to end the tenancy early if one of the statutory grounds (reasons) applies, as outlined in section E of the agreement. Additionally, for tenancies lasting two years or more, section F of the agreement includes break clauses. These clauses allow the tenant, and the landlord, to terminate the tenancy early under certain circumstances.  It's important to note that landlords and tenants can also mutually agree to end the tenancy early. This is known as 'surrendering the tenancy'. Surrendering the tenancy involves both parties consenting to terminate the tenancy before the agreed end date. This provision offers flexibility in case circumstances change for either party during the tenancy. Property Management made easy – AST Guide v1  Clause B4.2 states that if the landlord and tenant do not enter into a new tenancy at the end of the fixed term, a statutory periodic tenancy will automatically come into effect. T...

Main Terms of the Agreement