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Monday, June 28, 2010

How long to grant an AST?

Landlords looking to grant an Assured Shorthold Tenancy for should consider how long they want to let their property for?

There are a number of issues including whether a landlord is letting their property in a rising rental market or where a landlord expects rents to be stable or even fall.

Frequently tenants push for a longer term than the standard minimum 6 month Assured Shorthold Tenancy so they have greater security of tenure. However, a landlord may want to consider giving a new tenant an initial 6 month tenancy to first assess the tenants suitability.

If they are happy with the tenant then grant the tenant a longer term fixed term Assured Shorthold Tenancy.

For more details about how long a landlord should grant an Assured Shorthold Tenancy for have a look at the Landlords Bible.

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