Make sure you use a Tenancy Agreement
Fri 20 May 2016
Recent research reveals that one in ten private landlords have no formal tenancy agreement in place with their tenants. Even where contracts are in place, landlords may unwittingly be asking tenants to sign documents that are not legally compliant.
Of the landlords that do not use a letting agent, 58% used adapted tenancy agreements from either old agent contracts or other landlords (38%) or an updated template they found online (20%).
Direct Line, who carried out the research said that the lack of professionally reviewed tenancy agreements may explain why more then one in eight (13%) of landlords have experienced disputes specifically arising from tenant's rental contracts in the last two years. It is vital that not only is a tenancy agreement in place but that it is also legally valid and compliant with the latest legislation. This is even more important today due to the increasing amount of new legislation affecting the private rental market.
January 2015View older stories >
Instant Online Valuation
Interested in your property value?