Two copies of the agreement should be made – 1 for the landlord, the other for the tenant. It is the responsibility of one of the parties to keep the agreement in a safe place, as this must be reported during the lease. Here you can download openRents AST Template for free. This is the lease we use with our Rent Now landlords. You can trust it because it is in effect in tens of thousands of rentals throughout Britain. It contains the latest elements of UK housing law, so you can use it as a reference for your own AST. Farillio has created its documentation (including this free lease) especially for small entrepreneurs and freelancers. It helps you meet your legal obligations and provides solutions to your specific needs. It is important to have a written contract between a lessor and a tenant in order to define all the responsibilities and obligations of each party during the lease. In this way, both sides understand and agree on the terms, which can help avoid conflicts and differences of opinion in the future. Renting real estate is a serious activity that requires the guarantee of a written lease.
Not having one could cost you a lot of money. If a lessor has to enforce the property or change the rental conditions, all the necessary legal proceedings become much more difficult and costly without the basis of a signed lease to clarify the rental conditions. A written rental agreement is also required if a landlord wishes to use an expedited procedure. .