Key Investment Tools: Assured Rentals

15th October, 2015
  • Assured rentals are those that are granted by housing associations or trusts. They offer renters a guarantee of tenancy so long as they do not break any of the terms that were set out in their lease agreement.

    This means that they will be allowed to live on the property for the foreseeable future, except for in situations where they are only on assured tenancy for a short-term arrangement. In these instances, the arrangement will come to an end once that term is over.

    One must meet various criteria for a residency to be considered an assured rental. First and foremost, most rentals are in fact assured so long as the tenant did not sign an agreement indicating that the lease was for the short term. Additionally, the resident must be an individual. Assured rentals do not apply to businesses or corporations, and typically cannot be applied to commercial properties.

    Another important factor to consider with assured rentals is that the residence must be separate. While the tenant may share some facilities with other tenants, the accommodation must be separate, and they may not share any facilities with their landlord.

    The residency must be the first home of the individual, and assured tenancy does not apply to holiday properties. Additionally, both high-value properties and residencies where little to no rent is paid do not qualify as assured rentals.

    As a landlord, there are several things to consider as a manager of an assured rental. It is important to understand that it is not possible to regain possession of the property except under certain provisions, or in situations where the tenant broke the rules of the lease agreement.

    These include the leasing of the property to a third party without the landlord’s permission. It is possible to raise rental prices on these properties, but the landlord must apply to do so.


    by: Prime Asset Investments

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