Company Let Tenancies.

Other

Assured and Assured Shorthold tenancies were created in the Housing Act 1988, and amended in the Housing Act 1996. However, the Housing Act 1988 specifically excludes company lets (i.e. tenancies to companies), which remain governed by common law. A company let agreement should name the actual people aged 18 or over who are authorised to occupy the property, but if this is not possible, it should state the number of people to occupy the property at any one time. The rules of the Housing Act 1988 do not apply to company lets; a Section 21 or 8 Notice cannot be used for repossession, instead, you must use a Notice to Quit, which is probably of a shorter period. A company let should have at least one guarantee given by a director of the company. Also, with company lets, the Unfair Terms in Consumer Contracts Regulations 1999 will not apply, as a company is not a consumer.