They intend to enter into a lease agreement in relation to the aforementioned property. The lease is a guaranteed short-term lease, which means that the owner can only reclaim the property for certain reasons (i.e. he can take the property back from you). Some of these reasons require the lessor to inform you before the lease is concluded that the lessor can rely on these reasons in the future. Notes: inventory and/or status report. The final inventory and/or condition report (and all comments or changes received by the tenant within 14 days of the start of the lease) must be attached to the contract. There is no legal obligation to prepare an inventory or report on the condition of the property, but this is standard practice and will make things easier if there is a dispute over the down payment at the end of the lease. As an additional guarantee, tenants and landlords can take pictures of the condition of the property and all items in the inventory at the beginning of the lease. Two copies of the contract must be made – one for the landlord, the other for the tenant. It is the responsibility of each party to keep the agreement in a safe place, as it must be mentioned during the lease. (a) the owner who is looking for the property at some point before the lease begins or, in the case of the owners, who are looking for the property, at least one of them lives in the building as his sole or principal residence; or the purpose of Clause B5.2 is to advise landlords who have previously lived in the property as a single or principal residence or who must occupy the property as a residence at the end of the fixed-term lease, that they must inform tenants of the notification contained in Schedule 2 of this agreement prior to the conclusion of this agreement.
This is necessary when a lessor wants to rely on this ground (i.e. the background 1 of Schedule 2 of the Housing Act 1988) to enter possession of the property at the end of the fixed life and to be equally relevant when the property is pawned. For more details on point B5.2, see Appendix 2. A lease can be used for both an apartment and a house. This is the most common type of agreement in England and Wales and gives the tenant the exclusive right to use and occupy a house or apartment for a specified period of time.