Assured Shorthold Tenancy Agreement Cancellation

Assured Shorthold Tenancy Agreement Cancellation: What You Need to Know

Renting a property is a popular option among many individuals and families. It gives you the flexibility of not being tied down to one place, and it also allows you to live in different areas without the constraints of a mortgage. However, there may be situations where you need to cancel your tenancy agreement prematurely. In this article, we will discuss what you need to know about assured shorthold tenancy agreement cancellation.

What is an assured shorthold tenancy agreement?

An assured shorthold tenancy agreement (AST) is commonly used for rental properties in England and Wales. It is a type of contract that outlines the conditions of the rental agreement between a landlord and a tenant. The agreement covers the duration of the tenancy, the rent, and other provisions that both the landlord and tenant must adhere to.

How can you cancel an assured shorthold tenancy agreement?

If you want to cancel your AST prematurely, you must have a valid reason for doing so. Some of the common reasons for cancelling an AST include:

1. Relocation for work: If you need to move to a different location for work, you may need to cancel your tenancy agreement. In this case, you will need to give your landlord notice, which should be in writing.

2. Unforeseen circumstances: Unforeseen circumstances such as a serious illness or a family emergency may require you to cancel your tenancy agreement. In this case, you will need to provide proof of the circumstances to your landlord.

3. Breach of contract: If your landlord has breached the terms of the AST, such as failing to carry out repairs or maintenance, you may have grounds for cancelling the agreement.

It is important to note that you cannot cancel your AST unilaterally. You must receive permission from your landlord, or a court order if you cannot come to an agreement.

What happens if you cancel an assured shorthold tenancy agreement?

If you cancel your AST, there may be financial implications. You may be liable for rent until the end of the tenancy period, or until a new tenant moves in. You may also be required to pay an early termination fee, which should be outlined in your tenancy agreement.

Additionally, if you cancel your AST prematurely without reasonable grounds, your landlord may take legal action against you to recover any losses they incur as a result.

Conclusion

Cancelling an assured shorthold tenancy agreement is not a decision that should be made lightly. It is important to carefully consider your reasons for canceling and to follow the correct procedure. If you are unsure of your rights and obligations, it is advisable to seek legal advice before taking any action.