As of today’s date anyone signing a new tenancy for a private let will sign the new Private Residential Tenancy Agreement.
This new tenancy will replace the assured and short assured tenancy and will bring in changes and improvements to the private rented sector, including:
- No more fixed terms – private residential tenancies will be open-ended, meaning your landlord can’t ask you to leave just because you’ve been in the property for 6 months as they can with a short assured tenancy.
- Rent increases– your rent can only be increased once every 12 months and if you think the proposed increase is unfair you can refer it to a rent officer.
- Longer notice period– if you’ve lived in a property for longer than 6 months your landlord will have to give you at least 84 days’ notice to leave (unless you’re at fault).
- Simpler notices– the notice to quit and notice of proceedings processes will be scrapped and replaced by a simpler notice to leave process.
Please note that existing Short Assured and Assured Tenancies will continue to run until such time as they are ended by either the landlord or tenant.
If you are a Weslo Property Management landlord or tenant and would like more information on how these changes might effect you please call into our offices or give us a call on 01506639168.