A tenancy agreement protects both the landlords and tenants whereby there are terms and conditions that both parties must abide to during the rental period. This is to prevent any disputes from both parties.
When you sign a tenancy agreement, you have an interest in the property giving you exclusive possession for a fixed period of a certain duration, usually in consideration of a payment termed 'rent'.
The essential features of the tenancy are as follows:
- Tenant has exclusive possession of the property.
- Tenancy runs for a certain or fixed period of time.
- Landlord’s rights are subject to the tenancy.
- Landlord has reversionary interest of the property upon termination of the tenancy.
If you had signed a Tenancy Agreement and the landlord does not fulfil his or her end, the landlord is in breach of contract and must return the deposit immediately.
You can take the landlord to court for not fulfilling his or her end of the agreement.
Hope this answers your question.
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