Entering a Tenancy Agreement benefits landlords and tenants, even if it’s not legally required in your jurisdiction. Though verbal agreements are legal, they're not always reliable, as people can forget what was discussed. Once both parties sign a written agreement, it becomes legally binding.
An agreement clarifies essential financial aspects of a tenancy, such as when and how much rent is owed. This also includes deposits and whether utilities or council tax are included in the rent.
A written agreement also sets boundaries and outlines landlord and tenant obligations. Knowing what both parties legally can and cannot do provides clear rules and expectations throughout the tenancy period. This can include a landlord notice for entry and eviction or if a tenant can have pets or end an agreement early.
Finally, having an agreement in writing provides proof of the terms both parties agree upon. If a dispute occurs, a Tenancy Agreement is evidence for the original signed terms.
To learn more about letting properties, including landlord safety requirements and certificates, read LawDepot's Landlord Resources: A Complete Guide to Renting Out Property.