What is tenacy?

Tenancy refers to the legal arrangement where a tenant occupies a property owned by a landlord in exchange for the payment of rent. The terms of tenancy are usually defined in a written agreement known as a lease or rental agreement.

There are several types of tenancies, including:

1. Fixed-term tenancy: This type of tenancy has a specific start and end date and both the tenant and landlord are bound by the terms of the lease for that period.

2. Periodic tenancy: This type of tenancy continues until one party gives notice to terminate it, such as a month-to-month tenancy.

3. Rent-controlled tenancy: Refers to a legal agreement where a tenant is granted certain rights and protections from eviction and rent increases.

4. Joint tenancy: Refers to a situation where two or more people co-own a property and share responsibility for rent and other expenses.

5. Assured shorthold tenancy: This is the most common type of tenancy in the UK and is usually a six to twelve months agreement.

Tenancy agreements typically specify the responsibilities and obligations of the landlord and tenant, including rent payment, maintenance of the property, occupancy limits and the consequences of breach of contract. The landlord may be required to provide a safe and habitable living environment, while the tenant may be required to maintain the property in good condition.

Overall, tenancy agreements are a legally binding agreement between the tenant and landlord that help to ensure that both parties are aware of their rights, responsibilities and obligations.