A contractual non-assured shorthold tenancy agreement is a type of rental agreement between a landlord and a tenant that provides certain specific terms and conditions for a tenancy. In this type of agreement, the tenancy is non-assured, meaning that there are no statutory or legal protections for the tenant, as with an assured shorthold tenancy (AST).
The landlord and tenant are free to agree to the terms of the tenancy in a contractual non-assured shorthold tenancy agreement, subject to certain legal requirements. These requirements include providing a written agreement, setting out the terms of the tenancy, and providing the tenant with a copy of the agreement.
One key difference between a contractual non-assured shorthold tenancy agreement and an AST is that the latter provides the tenant with certain legal protections, such as a minimum term of six months, the ability to challenge excessive rent increases, and the right to apply to the courts to prevent eviction in certain circumstances.
In a contractual non-assured shorthold tenancy agreement, the landlord and tenant are free to agree to a shorter or longer term, and the rental price can be increased at any time, subject to the terms of the agreement. Additionally, the landlord can choose to end the tenancy without having to provide a reason, as long as they provide the required notice period.
It is important for both landlords and tenants to carefully review and understand the terms of a contractual non-assured shorthold tenancy agreement before signing it. Tenants should be aware that they do not have the same legal protections as with an AST, and should ensure that the terms of the agreement are reasonable and fair. Landlords should ensure that the terms of the agreement comply with legal requirements and are clear and enforceable.
In conclusion, a contractual non-assured shorthold tenancy agreement is a specific type of rental agreement that provides specific terms and conditions for a tenancy. While it does not provide the same legal protections as an AST, it can be a useful option for landlords and tenants who wish to agree to specific terms and conditions for a tenancy. However, it is important to carefully review and understand the terms of the agreement before signing it to ensure that it is fair and reasonable for both parties.