Types of Tenancies
When you became a tenant of the Group you will have signed your tenancy agreement. You should read it carefully and keep it handy as this is your contract with the group and explains the conditions of your tenancy.
What are the different types of tenancies and what do they mean?
Assured tenancy – All tenants of the Group who have an assured tenancy will retain their tenancy status, other than in the event of the Group being granted a Demotion Order by the Court for a breach of tenancy. Existing tenants will retain their assured tenancy in the event that they transfer to another Group property.
Introductory tenancy – All first social rent and affordable rent tenancies will be let on a weekly periodic assured shorthold starter tenancy basis, which is reviewed at 12 months.
Five year fixed term tenancy – Where the starter tenancy has been successful and there are no risks associated with the tenancy then a five year fixed term tenancy will be granted.
Two year fixed term tenancy – The tenancy will be reviewed before the end of the term and a decision made as to whether to grant a further two year fixed term tenancy, five year fixed term tenancy or to terminate the tenancy.
Adapted properties – Adapted properties will be treated the same as non-adapted properties. The length of the term of the tenancy offered will be dependent on the needs of the successful applicant.
Rent to buy properties – All tenants of rent to buy properties will be offered a five year fixed term tenancy on successful completion of their starter tenancy.