Check Your Occupation Type – Private
The reason for this is that the Housing Act 1988, which set up the assured and assured shorthold tenancies, defines them as tenancies rented to ‘individuals’ ie living people.
A company is an artificial person and so is incapable, legally, of owning an assured or assured shorthold tenancy.
They are similar in many ways to assured and assured shorthold tenancies:
- They will normally be granted for a fixed term and
- They will normally continue as a periodic tenancy if you remain in occupation after the fixed term has ended and pay rent which is accepted by the landlord
- The tenant fees rules will not apply
- Deposits do not need to be protected in a scheme, and
- The eviction procedure is different (section 8 and section 21 notices will not apply)