2017 Tenancy Agreements have been updated and we have just purchased the 2017 Letting Centre pack. These have many changes, revisions and improved wording within tenancy agreements.
Is your tenancy agreement protecting you to the best ability should your tenancy go wrong?
When did you last review your tenancy?
As an example, in the 2017 Tenancy Agreements, additional wording regarding legal costs has been added as some county court judges have only awarded fixed costs where there is no provision within the tenancy agreement.
Another clause in the 2017 Tenancy Agreements adds a clause ‘To pay the landlords full costs of obtaining and enforcing an order for possession if the tenant does not give up vacant possession….’ One of the many questions that would be asked only when you are experiencing difficulties rather than it all coasting along as it may be now?
Just simple clauses in the agreements and a revised wording can make the difference at the end of tenancies and we highly recommend that you consider the ‘what if’ scenario. Many changed have affected the industry in recent times and this continues. We cannot stress enough the importance of you keeping ahead of legislation and changes so as to protect both yourself as landlord and the tenants who reside in your asset. The responsibilities of a landlord have never been greater, but without private rental accommodation there would be a national problem so ensure that you make it work for you and protect yourself as much as you can would be our recommendation.
As an agency, we highly recommend that landlords regularly assess their tenancy as a whole and include familiarising yourself with current legislation. In the event of a problem, have you done as much as you could have done to protect yourself?
Contact us now to discuss your tenancy requirements 0161 491 1411 / info@stuartshomes.co.uk
*with condition that your tenant has granted consent to enter a new fixed term agreement.