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Tenancy Agreement
There are various types of tenancy agreements and within each there are different conditions and legal implications
A Tenancy Agreement, also known as a Rent Agreement, is an agreement between the landlord (or the owner) of the property and the occupier. It can be verbal or written. There are various types of tenancy agreements, and each type has different conditions and legal implications. It is important to formalise the relationship between the tenant and landlord. This can be:
A director running a business from home which is owned by family
A property business renting the premises to an individual
A property business renting the premises to a company
A part of the property is used as an office or workplace
Living in a rented accommodation and registering business at home address
In all these situations, there are legal obligations on both parties. Some businesses are registered at a home address, and many are not aware of the tax implications. Some businesses claim expenses but are not aware of how the tax office will view these expenses. Many tax investigations could be resolved if there were a proper written Tenancy Agreement in place.
We, at Sterling Finance, provide simplified advice for all types of Tenancy Agreements. Call our team today on 0161 339 4989.
