What is a group tenancy?
If you’re renting private student housing, you will likely be doing so under a group tenancy. As group tenancies are one of the most popular tenancies students have to deal with, it can be helpful to understand what they are and how they affect you.
What is Group Tenancy?
Group tenancy is a legal agreement between two or more people who are jointly renting a property. It is also known as a joint tenancy. This means that all tenants have equal rights and responsibilities, and they are jointly liable for the rent and any other obligations in the tenancy agreement. In other words, if one tenant fails to pay their share of the rent or violates the terms of the tenancy agreement, all tenants are held responsible.
Benefits of Group Tenancy for Students
Group tenancy is a popular housing option among students for several reasons. Firstly, it allows students to share the cost of rent and living expenses, making it more affordable than renting a property on their own. It is also an excellent way for students to socialise and make new friends while sharing a living space. However, the main benefit is to the landlord, as it ensures the property will either be fully occupied or all of the rent will be paid for the duration of the tenancy.
Key Features of Group Tenancy
Here are some key features of group tenancy for students:
Joint Liability: All tenants are jointly liable for the rent and other obligations in the tenancy agreement. This means that if one tenant fails to pay their share of the rent, all tenants are held responsible.
Fixed-term: Group tenancy agreements are usually fixed-term, meaning that they have a specific start and end date. This provides security and stability for the tenants, knowing that they have a place to live for a set period. The rules in Scotland are slightly different as you can see on this blog.
Deposit: Tenants are required to pay a security deposit at the start of the tenancy agreement, which is refundable at the end of the tenancy if there is no damage or unpaid rent.
Bills: The tenants are responsible for paying their share of the utility bills, such as gas, electricity, water, and internet, unless stated otherwise in the tenancy agreement.
Tenant Rights: All tenants have the right to a safe and habitable living space, and the landlord has a legal obligation to maintain the property and ensure that it meets the required safety and health standards.
Conclusion
Group tenancy is an excellent housing option for students and it makes sense why it’s so popular. It provides affordable and flexible accommodation while allowing students to socialise and make new friends.
If you haven’t secured accommodation, you can see what’s available in your area on Accommodation for Students.
