As a landlord or tenant, it`s crucial to have a comprehensive assured shorthold tenancy agreement (AST) that outlines the terms and conditions of the tenancy. However, circumstances may change during the tenancy, leading to the need for an addendum to the AST agreement.
An addendum is a legal document that supplements the original AST agreement to add, remove, or modify certain terms or conditions. It can be used to address issues that were not covered in the original agreement or to update it to reflect new circumstances.
Here are some key things to keep in mind when creating an addendum to your AST agreement template:
1. Clearly define the purpose of the addendum
The first step in creating an addendum is to define the purpose of the document. This should include a clear explanation of why the addendum is necessary and what changes will be made to the AST agreement.
2. Make sure the addendum is legally binding
For an addendum to be legally binding, it must be signed by all parties involved in the tenancy agreement. It`s important to include a statement at the beginning of the document that clarifies that the addendum forms part of the original AST agreement.
3. Identify the specific changes being made
The addendum should clearly identify the specific changes being made to the AST agreement. This may include adding new clauses, removing existing ones, or modifying the language of the original agreement.
4. Include a date for the addendum
To avoid confusion and ensure that everyone involved understands the timeline of the changes, the addendum should include a date. This date should be the same as the date on which the original AST agreement was signed.
5. Keep a copy of the addendum
It`s important to keep a copy of the addendum with the original AST agreement. This will ensure that all parties have a clear understanding of the changes that have been made to the agreement.
In conclusion, an addendum to an assured shorthold tenancy agreement template can be a useful tool for landlords and tenants to modify or supplement the original agreement. By following these key steps, you can create a legally binding and clear addendum that addresses the changing circumstances of your tenancy.