It is important to use the correct document so that the tenant does not obtain rights in the property and so that you can easily remove the tenant if they do not pay the rent or breach any obligations in the agreement. If the wrong type of document is used, a tenant may obtain rights to remain at the property. As a tenant, you want to make sure you have the security of tenure you need and the landlord has obligations to maintain the property and not disturb you.
Choosing the right tenancy agreement is also important when seeking a mortgage, as mortgage contracts often contain a term that requires the homeowner to get the lender’s permission before renting out all or part of the property.
For more information on letting properties, read Renting out property in Scotland.