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An assured shorthold tenancy agreement (also known as an AST) allows a landlord to let a property to a tenant. The term of an assured shorthold tenancy agreement is usually 6 or 12 months and will usually convert to a rolling periodic tenancy at the end of the initial term.
A rolling tenancy is a tenancy which automatically renews periodically on a rolling basis until either the tenant or the landlord serves notice. The renewal period will depend on the payment frequency of the rent. For example, a tenancy where rent is paid monthly will renew on a monthly basis. A tenancy where rent is paid every 6 or 12 months will renew for 6 or 12 months respectively.
A tenancy agreement must state if the landlord has a superior landlord or not. This is a person or company the landlord has a superior lease with. The landlord must also have the permission from the superior landlord to let the property to a tenant in the first place.
A rolling tenancy is common in teancy agreements as it can give confidence and certainty to both the landlord and tenant after the initial term that the property can be occupied and rent will be paid. However, if the landlrd wants to recuperate the property at the end of the initial term, they should make sure that the tenancy agreement does not automatically convert to a rolling periodic tenancy and serve a notice before the end of the fixed term to recuperate it. This is often the case for private landlords who let out properties to student tenants for 12 month fixed terms at a time.
Legislate's assured shorthold tenancy agreement offers the appropriate wording for confirming the presence of a superior landlord or not. This provides complete transparency to the tenant that the landlord has the right to let them the property.