When you`re renting a property, it`s important to know your rights as a tenant. One of the key areas of concern is the notice period required by a landlord on a rolling contract.

A rolling contract is a type of tenancy agreement that runs on a continuous basis, rather than having a set end date. It`s also sometimes referred to as a periodic tenancy or a month-to-month agreement.

As a tenant on a rolling contract, you have the benefit of flexibility. You can often give notice and leave the property at any time, without having to wait for the end of a fixed-term lease. However, this flexibility works both ways and your landlord can also give notice, requiring you to leave the property.

So how much notice does a landlord need to give on a rolling contract?

The answer depends on a few factors, including the type of tenancy agreement you have and the reason for the notice. Here`s a general breakdown:

– If you have an assured shorthold tenancy (AST), which is the most common type of tenancy agreement in the UK, your landlord must give you at least two months` notice.

– If you have a non-AST (for example, if you`re renting a room in a shared house), the notice period can be shorter. Your contract should specify the minimum notice period required.

– If your landlord is giving notice due to rent arrears or other breaches of the tenancy agreement, the notice period can be shorter (as little as 14 days in some cases).

It`s worth noting that a landlord cannot just give you verbal notice to leave. They must give you written notice, stating the date by which you must vacate the property. This notice period cannot be shortened, even if you agree to leave earlier.

If your landlord is trying to evict you without going through the proper legal channels (such as obtaining a court order), this is illegal and you should seek advice from a housing charity or lawyer.

In summary, if you`re on a rolling contract, your landlord must give you at least two months` notice (or the minimum notice period specified in your contract) to end the tenancy. Make sure you receive this notice in writing and be aware of your rights as a tenant.

An employee transfer agreement is a legal document that outlines the terms and conditions of an employee being transferred from one department, location, or company to another. This agreement is necessary to ensure that the transfer of the employee is conducted in a fair and transparent manner and that all parties involved are aware of their rights and responsibilities.

If you are a human resources professional or a manager involved in employee transfers, it is important to have a transfer agreement in place. This document can help avoid any misunderstandings or disputes that may arise during the transfer process. To help you create a thorough and effective employee transfer agreement, we have provided a sample template that you can use as a starting point.

EMPLOYEE TRANSFER AGREEMENT SAMPLE

This Employee Transfer Agreement (“Agreement”) is made and entered into on [insert date] by and between [insert name of current employer], a [insert state/country] corporation with its principal place of business at [insert address] (“Current Employer”) and [insert name of new employer or department], a [insert state/country] corporation with its principal place of business at [insert address] (“New Employer”).

WHEREAS, the Current Employer and New Employer desire to transfer the employee named below from the Current Employer to the New Employer; and

WHEREAS, the parties desire to set forth the terms and conditions of the employee’s transfer;

NOW, THEREFORE, in consideration of the premises and mutual promises and agreements contained herein, the parties agree as follows:

1. Employee Name and Position. The employee being transferred is [insert name] and their current position is [insert current position]. Their new position with the New Employer will be [insert new position].

2. Effective Date of Transfer. The employee’s transfer will be effective as of [insert date].

3. Benefits and Compensation. The employee’s salary and benefits will remain the same or will be adjusted in accordance with the New Employer’s policies and practices. The employee’s accrued vacation and sick leave will also be transferred to the New Employer.

4. Job Duties. The employee’s job duties will be revised and updated to reflect their new position and responsibilities with the New Employer.

5. Employment At-Will. The employee understands that their employment with the New Employer will be at-will and is not guaranteed for any specific period of time.

6. Confidentiality and Non-Disclosure. The employee acknowledges that they will be working with confidential information and agrees to maintain the confidentiality of such information after the transfer.

7. Non-Solicitation. The employee agrees not to solicit any of the Current Employer’s clients or customers after the transfer.

8. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of [insert governing state/country].

9. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one and the same instrument.

10. Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior negotiations, agreements, and understandings between the parties.

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

[Insert name of Current Employer]

By: ____________________________

[Insert name and title of authorized representative] [Insert name of New Employer]

By: ____________________________

[Insert name and title of authorized representative] [Insert name of Employee]

By: ____________________________

[Insert name and title of employee]

In conclusion, it is crucial to have an employee transfer agreement in place when transferring an employee. This sample agreement should serve as a useful starting point when drafting your own agreement. Remember that each situation is unique, and you should consult with legal counsel before finalizing any agreement. Following this process will help ensure that the transfer is conducted smoothly, fairly and within the bounds of the law.

As the economy continues to fluctuate, many individuals and businesses are looking for ways to protect themselves from rising interest rates. One option to consider is an interest rate protection agreement.

An interest rate protection agreement, also known as an interest rate swap, is a financial contract between two parties where they agree to exchange interest payments. In this agreement, one party agrees to pay a fixed interest rate, while the other party agrees to pay a variable interest rate. The purpose of this agreement is to protect one party from fluctuations in interest rates.

For example, let`s say a business owner has a loan with a variable interest rate. They are concerned that interest rates may rise in the future, which would increase their loan payments. To protect against this, the business owner could enter into an interest rate protection agreement with another party who agrees to pay a fixed interest rate. If interest rates do rise, the business owner would still have to pay the variable interest rate on their loan, but they would also receive payments from the other party under the protection agreement. This would help offset the increased loan payments.

Interest rate protection agreements are commonly used in industries such as real estate, where property owners may have loans with variable interest rates. They are also used by investors who want to mitigate their risk in the stock market.

It`s important to note that interest rate protection agreements come with risks. If interest rates do not rise or if they decrease, the party paying the fixed interest rate may end up paying more than they would have without the agreement. Additionally, there is a risk that the other party may default on their payments.

Before entering into an interest rate protection agreement, it`s crucial to understand the terms of the agreement and the potential risks involved. It`s also important to work with a qualified financial advisor who can help you determine if this is the right option for your financial needs.

In conclusion, an interest rate protection agreement can be a useful tool for protecting against rising interest rates. However, it`s important to carefully consider the risks before entering into such an agreement. With the right guidance, you can make an informed decision and protect yourself from potential financial losses.