A shared house/apartment contract is used for rentals where only one room is rented and the common areas of the property (e.g. B bathroom, toilet, kitchen and living room) are shared. The owner may or may not live on the property. All landlords and rental agents who make deposits for assured shorthold tenancies in England and Wales must join a government-authorised rental deposit guarantee scheme. This is a legal requirement, and non-compliance can lead to legal action. There are basic obligations that a tenant and landlord must meet, even if they are not specified in the contract, but are required by law and are implicit in all leases. These conditions constitute the conclusion of a contract, even if they have not been expressly agreed. Let`s say you accept a deposit from your tenant that needs to be protected in a government-approved rent deposit system. If not, it can be difficult to evict the tenant if necessary…