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
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.