Assured shorthold tenancy
It is a form of assured tenancy with limited security of tenure, which was introduced by the Housing Act 1988[n 1] and saw an important default provision and a widening of its definition made by the Housing Act 1996.[n 2] Since 28 February 1997 in respect of accommodation to new tenants who are new to their landlords, the assured shorthold tenancy has become the most common form of arrangement that involves a private residential landlord.The tenancy must meet the basic requirements of an assured tenancy (excluding the security of tenure effects) and all of the following: The landlord has the right to terminate: The only potential landlord's disadvantage of the assured shorthold tenancy is the right of the tenant to refer the rent initially payable to a rent assessment committee; which is now called the First-tier Tribunal (Property Chamber – Residential Property).In this unusual scenario in which the landlord has been able to agree a rent substantially higher than market comparables of the same kind of accommodation, the landlord can serve a Section 21 notice before or after the tenancy has begun stating it is not to be an assured shorthold tenancy, where no rent assessment application has been made.[8] In other regards, except security of tenure, as a subset of assured tenancies, ASTs follow the definition requirements of assured tenancies, e.g. which includes maximum and minimum rent levels to exclude the most unusual extremes.