Updated: Nov 8
As a property investor, one of the most important aspects of your investment strategy is securing the right tenants for your properties. To do this, you need to have a solid understanding of the different types of tenancy agreements available, including assured tenancy agreements. In this blog post, we'll take a closer look at what an assured tenancy agreement is and how it can benefit property investors.
What is an Assured Tenancy Agreement?
An assured tenancy agreement is a type of tenancy agreement that provides the tenant with a greater level of security and stability than other types of agreements. Under an assured tenancy agreement, the tenant has the right to remain in the property for as long as they wish, as long as they comply with the terms of the agreement.
The Benefits of Assured Tenancy Agreements for Property Investors
Assured tenancy agreements can be highly beneficial for property investors, particularly those who are looking to build a long-term, stable portfolio of investment properties. Here are some of the key benefits of using assured tenancy agreements:
Long-term Tenants: With an assured tenancy agreement, tenants are more likely to stay in the property for a longer period of time. This can help to reduce the amount of time and money you spend on finding new tenants and managing turnover.
Rent Stability: An assured tenancy agreement also provides more stability when it comes to rent payments. The terms of the agreement will usually include fixed rent increases, which can help to ensure that you receive a steady stream of income from your investment properties.
Legal Protection: Assured tenancy agreements provide legal protection for both landlords and tenants. This means that if any disputes arise, they can be resolved quickly and fairly, without the need for expensive legal action.
How a Property Sourcing Company Can Help
If you're looking to invest in property, working with a property sourcing company can be a great way to streamline the process and ensure that you make smart, profitable investments. A property sourcing company can help you to identify the best investment properties in your target areas, negotiate deals on your behalf, and provide ongoing support and advice throughout the investment process.
When it comes to finding tenants for your investment properties, a property sourcing company can also help to ensure that you attract the right tenants and secure the right tenancy agreements. They can help you to create compelling property listings, screen potential tenants, and negotiate the terms of the tenancy agreement to ensure that both you and the tenant are protected.
Assured tenancy agreements are an important tool for property investors who are looking to build a long-term, stable portfolio of investment properties. By providing greater security and stability for tenants, assured tenancy agreements can help to reduce turnover and ensure a steady stream of income from your investment properties. Working with a property sourcing company can also be a great way to streamline the investment process and ensure that you make smart, profitable investments.