Company Let Tenancy Agreement – Furnished House
This Company Let Tenancy Agreement – Furnished House is designed for use where a landlord wishes to grant a tenancy of a furnished house to a company or other non-natural person.
A company or non-natural person cannot be an assured tenant under the Housing Act 1988 because the tenant of an assured tenancy must be an individual who occupies the property as their only or principal home. A genuine company let is therefore a contractual tenancy and falls outside the assured tenancy regime.
Important Note
This Company Let Tenancy Agreement should only be used where the tenant is a genuine company or other non-natural person taking the property for occupation by its directors or employees. It must not be used as a means of letting a property to an individual who is the true tenant or occupier. Incorrect use of a company let agreement may result in the occupier acquiring statutory rights under housing legislation.
If you are letting to an individual, you should Download Assured Periodic Tenancy Agreement Templates.
When Is This Template Suitable?
This template is suitable where the landlord is letting a furnished house to a company or other non-natural person. The agreement allows the company tenant to permit occupation by its directors and employees, subject to the landlord's requirements regarding references and approval of occupiers.
If the landlord requires additional security, for example because the tenant is a newly established company or does not have a satisfactory financial record, a Tenancy Agreement Guarantee can be used alongside this agreement.
The landlord must still comply with the Protection from Eviction Act 1977, including a minimum notice period of four weeks. If the occupiers do not leave voluntarily a court order for possession will still be required.
Does The Renters' Rights Act Apply?
The tenancy reforms introduced by the Renters' Rights Act 2025 apply to assured tenancies only and do not apply to company lets or other contractual tenancies.
What Does This Template Contain?
The Tenancy Agreement sets out the key terms of the agreement, in particular:
Clause 1 is the grant of the tenancy.
Clause 2 contains standard legal interpretation clauses.
Clause 3 is an optional clause dealing with payment of a Tenancy Deposit if one is taken. The statutory Deposit Protection requirements apply to assured tenancies. As a company let is not an assured tenancy, there is no legal requirements for the Landlord to protect the deposit in an authorised deposit scheme.
Clause 4 contains the Tenant’s covenants. These cover payment of rent and other outgoings (Council Tax and utilities), repair and maintenance, use, allowing the Landlord access for inspections and end-of-tenancy arrangements.
Clause 4 includes covenants requiring the Tenant to observe the terms of the Landlord’s insurance policy and any title documents such as a superior lease. These covenants will only have effect if the Landlord has given the Tenant copies of the relevant documents. Additional tenant covenants in respect of fire safety have been added.
Clause 5 provides for interest to be paid on overdue rent.
Clause 6 is the forfeiture clause. This allows the Landlord to forfeit (i.e. bring to an end) the tenancy if the rent is at least 21 days overdue or if there has been a substantial breach of any of the Tenant’s obligations. The landlord must still comply with the Protection from Eviction Act 1977, including a minimum notice period of four weeks. If the occupiers do not leave voluntarily a court order for possession will still be required.
Clause 7 contains the Landlord’s covenants. These cover quiet enjoyment (the right of the Tenant to use the property without interference) and repair.
Clause 8 is an optional break clause for each party.
Clause 9 will contain the parties’ addresses for service of documents. Section 48 of the Landlord and Tenant Act 1987 provides that rent is not lawfully due from a Tenant unless the Landlord has provided it with an address where notices are served. It is vital that the Tenant is given an up to date address for the Landlord.
Clause 10 is a jurisdiction clause.
Optional phrases / clauses are enclosed in square brackets. These should be read carefully and selected so as to be compatible with one another. Unused options should be removed from the document.
This Company Let Tenancy Agreement – Furnished House is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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