Landlord Document 05 Company Let Agreement

The Company Let Agreement is a specialist tenancy agreement used when a company, rather than an individual, rents a property. This agreement is not an Assured Shorthold Tenancy (AST) under the Housing Act 1988, as the tenant is a corporate entity rather than an individual. It provides landlords and agents with a legally robust framework to manage company lets with clarity and compliance.

📘Purpose & Use Case

This document formalizes arrangements where a property is let to a company for employee accommodation or business-related purposes. It ensures both parties understand their legal obligations, including rent payment terms, property maintenance, and termination clauses. As company lets fall outside standard residential tenancy protections, this agreement is essential for setting clear contractual terms.

📘Who Should Use This Document?

• Landlords offering property to corporate tenants for staff housing
• Letting agents managing properties for company lets
• Property managers ensuring compliance for non-AST agreements
• Businesses securing accommodation for employees or contractors

📘When Should It Be Used?

Use this agreement whenever a property is being rented to a company, whether for long-term employee housing or short-term corporate use. It is particularly important because company lets are governed by contract law, not housing legislation, meaning terms must be explicitly agreed upon to avoid disputes.

📘Additional Support

Unsure about the legal differences between company lets and ASTs? Visit the Legal Support Hub for guidance on compliance, taxation, and eviction rules for company lets.

This template is regularly reviewed to align with UK contract law for corporate tenancies. For more landlord resources and tailored templates, visit the Member Downloads page.