AST Agreement Scotland: What You Need to Know
If you`re a landlord in Scotland, you need to be familiar with an AST agreement. The Assured Shorthold Tenancy (AST) agreement is the legal agreement between a landlord and a tenant. This agreement outlines the terms and conditions of the tenancy, including the length of the tenancy, rent payments, and other important details.
In Scotland, the AST agreement is governed by the Private Residential Tenancy (PRT) rules, which came into effect on December 1, 2017. The PRT replaced the previous Short Assured Tenancy (SAT) and Assured Tenancy (AT) agreements, which were used in Scotland before the PRT was introduced.
The PRT is designed to provide greater protection to tenants and make it easier for landlords to manage their properties. Under this agreement, tenants have more security and can stay in the property indefinitely, as long as they comply with the terms of the agreement. The landlord can only end the tenancy for specific reasons, such as non-payment of rent or breach of the tenancy agreement.
One of the key features of the PRT is that a landlord cannot increase the rent during the initial tenancy period of six months. After the initial period, the landlord can only increase the rent once per year. The landlord must also provide three months` notice in writing before any rent increase.
If you`re a landlord in Scotland, it`s important to ensure that you have a written AST agreement in place with your tenants. This agreement should state the terms and conditions of the tenancy, including the rent, the length of the tenancy, and any other important details.
A well-written AST agreement will help to protect your interests as a landlord, and ensure that your tenants understand their obligations. It will also help to avoid any disputes or misunderstandings that may arise during the tenancy.
In conclusion, the AST agreement is an essential document for landlords in Scotland. Under the PRT rules, this agreement provides greater security for tenants and makes it easier for landlords to manage their properties. If you`re a landlord in Scotland, it`s important to ensure that you have a well-written AST agreement in place with your tenants, to protect your interests and ensure a successful tenancy.