Common use of Individual Tenancy Agreements Clause in Contracts

Individual Tenancy Agreements. If each of you signed a separate agreement with the landlord, then you will have individual tenancies.   tenants are jointly and individually responsible for paying the rent and for any damage to the property if a tenant does not pay their share or leaves then the other tenants may be required to pay the outstanding rent amount if no rent is paid by any of the tenants, the landlord can pursue any of the tenants for the full amount if a tenant wants to move out before the end of the contract, it is up to all tenants to find a replacement or they can agree to continue with the tenancy but covering the extra rent if a replacement tenant is needed, all existing tenants must agree to the new tenant. in a joint contract, landlords can not evict one tenant without evicting all of the others.        you are only responsible for paying your own rent you will be responsible for paying for any damage within your own room and an appropriate share of any damage in communal areas (unless another tenant accepts responsibility) if another tenant moves out you will have no say over who replaces them if you wish to move out before the end of your contract, the landlord may agree to release you, but you may have to find a replacement. WHAT IS A GUARANTOR? As well as signing a tenancy agreement, usually landlords and managing agents will ask that you provide them with the contact details of someone you know (with money), who owns property in the UK. This person is acting as your guarantor and is responsible for any unpaid rent or payments to the landlord for damage to the property, should you not be able to pay. Tenancy Agreement Checklist landlord name and address (required by law regardless of whether or not you have a written tenancy agreement). your name and the address of the property which is being let the start and end date of the tenancy if a joint tenancy then the names of all people involved if an individual tenancy then the room you have sole use of and which communal rooms you have access to the rent amount, how often and when it should be paid how often and when the rent can be increased what the rent includes, for example utility charges and internet. Also check if there is an annual cap on these charges the deposit amount and which deposit scheme is used to protect it additional services you landlord will provide for example, laundry, maintenance of communal areas or meals and whether there are service charges for these. Many landlords and agents will not allow a tenancy to proceed until all prospective tenants have provided an acceptable guarantor. WHAT DOES YOUR GUARANTOR NEED TO DO? There are two ways to become a guarantor:  On the tenancy agreement there may be a clause at the bottom that sets out the liability of the guarantor, which the guarantor will sign  There may be a separate form for the guarantor to sign - a 'special deed of guarantee'. In which case, a copy of the tenancy agreement must be supplied to the guarantor so they know what they are guaranteeing. WHAT IF I DON’T HAVE A GUARANTOR? The landlord may ask you to pay a large portion of rent up front, sometimes this may be the rent for the full length of the tenancy.

Individual Tenancy Agreements. If each of you signed a separate agreement with the landlord, then you will have individual tenancies.   tenants are jointly and individually responsible for paying the rent and for any damage to the property if a tenant does not pay their share or leaves then the other tenants may be required to pay the outstanding rent amount if no rent is paid by any of the tenants, the landlord can pursue any of the tenants for the full amount if a tenant wants to move out before the end of the contract, it is up to all tenants to find a replacement or they can agree to continue with the tenancy but covering the extra rent if a replacement tenant is needed, all existing tenants must agree to the new tenant. in a joint contract, landlords can not evict one tenant without evicting all of the others.        you • You are only responsible for paying your own rent you • You will be responsible for paying for any damage within your own room and an appropriate share of any damage in communal areas (unless another tenant accepts responsibility) if • If another tenant moves out you will have no say over who replaces them if • If you wish to move out before the end of your contract, the landlord may agree to release you, but you may have to find a replacement. WHAT IS A GUARANTORWhat is a guarantor? As well as signing a tenancy agreement, usually landlords and managing agents will ask that you provide them with the contact details of someone you know (with money), who owns property in the UK. This person is acting as your guarantor and is responsible for any unpaid rent or payments to the landlord for damage to the property, should you not be able to pay. Tenancy Agreement Checklist landlord name and address (required by law regardless of whether or not you have a written tenancy agreement). your name and the address of the property which is being let the start and end date of the tenancy if a joint tenancy then the names of all people involved if an individual tenancy then the room you have sole use of and which communal rooms you have access to the rent amount, how often and when it should be paid how often and when the rent can be increased what the rent includes, for example utility charges and internet. Also check if there is an annual cap on these charges the deposit amount and which deposit scheme is used to protect it additional services you landlord will provide for example, laundry, maintenance of communal areas or meals and whether there are service charges for these. Many landlords and agents will not allow a tenancy to proceed until all prospective tenants have provided an acceptable guarantor. WHAT DOES YOUR GUARANTOR NEED TO DO? There are two ways to become What is I don’t have a guarantor:  On the tenancy agreement there may be a clause at the bottom that sets out the liability of the guarantor, which the guarantor will sign  There may be a separate form for the guarantor to sign - a 'special deed of guarantee'. In which case, a copy of the tenancy agreement must be supplied to the guarantor so they know what they are guaranteeing. WHAT IF I DON’T HAVE A GUARANTOR? The landlord may ask you to pay a large portion of rent up front, sometimes in advance – this may could be the rent for the full length of the tenancy.. Tenancy agreement checklist • Landlord name and address (required by law irrespective of whether you have a written tenancy agreement) • You’re name and address and the address of the property you’re renting • The start and end date of the tenancy • If it’s a joint tenancy, the names of all the people involved • If it’s a sole tenancy, the room that you’ll have sole use of and which communal rooms you’ll have access to • The amount of the rent, how often and when it should be paid • How often and when the rent can be increased • What the rent includes – for example, utility charges and internet. Also, check if there’s a cap on these charges. • The deposit amount and which deposit scheme is used to protect it • Any additional services your landlord will provide – for example, laundry or meals What does your guarantor need to do? There are two ways to become a guarantor: