Your contract is known as an Assured Shorthold Tenancy (AST). The actual length of tenancy and contractual clauses may vary. Aspire offers a minimum of six months’ and a maximum of 12 months’ tenancy to begin with, together with an option to renew after the initial term which will be negotiated. This is subject to the individual landlord’s agreement as, on some occasions, landlords may agree for contracts to be granted for a longer period.
Tenants who are sharing with other people need to ensure they understand that they are jointly and severally liable. Most tenancy agreements state “Joint and Several Liability”. This means that each adult named on the tenancy agreement is a tenant and is responsible for all the rent and all the property, on their own and as a group.
If your friend leaves and doesn't pay the rent, the landlord can legally look to you to pay any outstanding amount. Likewise, if your co-tenant damages the property, the landlord will ask you to pay or compensate him to repair/replace the item damaged or lost.
Aspire Lettings is a member of the Deposit Protection Scheme (DPS) , a Government-run custodial scheme which holds the deposit until the end of the tenancy. Within 30 days of the start of your tenancy, you will receive either prescribed information explaining the DPS scheme, providing you with an individual PIN number (from Aspire or the landlord) or a registration certificate if the landlord has registered the deposit in a separate scheme.
Building and content insurance
Under the terms of the tenancy agreement, the landlord should insure the property and his or her own contents. The landlord will not provide insurance to cover the tenants’ personal items or furniture. Aspire recommends all tenants take out content insurance to coincide with the start of the tenancy.