When it comes to renting a property, one of the most important documents you’ll need to sign is the assured shorthold tenancy agreement (AST). This is a legally binding contract that outlines the terms and conditions of your tenancy, including your rights and responsibilities as a tenant.
If you’re a landlord, preparing an AST can be a time-consuming and daunting task. However, there is a solution – fully managed assured shorthold tenancy agreements.
What is a fully managed assured shorthold tenancy agreement?
A fully managed AST is a service offered by some letting agents that takes care of the entire process for you. This includes preparing the agreement, collecting rent, and dealing with any maintenance issues that may arise during the tenancy.
This service offers peace of mind for both landlords and tenants. Landlords have the reassurance that their property is being managed by a professional, while tenants can rest assured that any issues with the property will be dealt with promptly.
What are the benefits of using a fully managed assured shorthold tenancy agreement?
1. Saves time and hassle
As a landlord, preparing an AST can be a time-consuming task. It involves ensuring that all relevant details are included and that the agreement complies with all the necessary regulations. With a fully managed AST, all of this is taken care of by the letting agent, saving you time and hassle.
2. Expertise
Letting agents who offer fully managed ASTs are experienced in this area and have an in-depth knowledge of all the regulations that need to be adhered to. This means that you can be confident that your AST will be legally compliant.
3. Reduced risk
By using a fully managed AST service, landlords can reduce their risk of running into legal disputes with their tenants. Tenants are more likely to respect an agreement that has been prepared by a professional and will be less likely to challenge it.
4. Peace of mind
Knowing that your property is being managed by a professional can provide peace of mind for landlords. You can relax knowing that any issues with the property will be dealt with promptly, and your tenant will be looked after.
In conclusion, a fully managed assured shorthold tenancy agreement is a great option for landlords who want to ensure that their property is being managed in a professional and compliant manner. It saves time and hassle, reduces risk, and provides peace of mind for both landlords and tenants.