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Deposit

A sum of money taken from tenants and held as “insurance” to protect against any breaches of the tenancy agreement.The deposit is registered in the Tenancy Deposit Scheme (TDS) for the full duration of the tenancy.The amount due under the terms of the tenancy agreement will be £450 per tenant and subject to the tenant complying with the terms of the tenancy agreement will be refunded in full at the end of the tenancy.

Tenancy

The tenancy is created by the Tenancy Agreement and is the term used for the period the tenants occupy the property.

Tenancy Agreement creating an Assured Shorthold Tenancy (AST)

A legal agreement,which is creates an Assured Shorthold Tenancy (AST) between the tenant and landlord which details and agrees the terms of the tenancy,the agreement which is legally binding provides both the landlord and tenant with the appropriate protection.

Tenant

The individual or group or individuals who rent a property and occupy the property under the terms of the Tenancy Agreement.

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