A new model tenancy agreement for use by landlords in the private rental sector has been unveiled by the Government.
The agreement is for assured short hold tenancies, particularly those of two or more years, and there’s built-in provision for rent reviews and an ability to end a tenancy should circumstances change.
The new tenancy agreement is voluntary and no-one is permitted to charge for its use and it can be completed online or printed out and then filled in. However, an actual signature will still be needed from both parties.
New agreement ‘will benefit landlords and tenants’
Brandon Lewis, the housing minister, said: “The tenancy agreement can be used by tenants to ask for longer tenancies if they want one from their landlord. The new model agreement also benefits landlords and allows them to avoid leaving properties empty and paying fees to letting agents to find new tenants.”
The government says it has introduced the new tenancy agreement because it recognises there is a growing demand from tenants for longer fixed period tenancies, especially for three years. This will, they believe, give tenants certainty and stability to plan for the future, especially for families with children.
New tenancy agreement can be downloaded
Mr Lewis added: “Longer tenancies can also benefit landlords by offering greater certainty on rental income, minimising those periods when the property is empty and the costs of finding new tenants. This also means that neither the landlord nor tenant will need to pay tenancy renewal fees.”
For more information about the government's model tenancy agreement and to download it, visit the government website.
Tenancy agreements 'may be being breached by most renters'
Meanwhile, new research has revealed that most renters may be breaching their tenancy agreement on a regular basis. The study by mortgage provider of Ocean Finance found that 94% of tenants may be acting in a way that breaches their tenancy agreement.
Most of the issues are minor but the most common flouting was the burning of candles on the property (58%) followed by redecorating without permission (54%). Half of tenants also admitted to keeping an animal in their home though more seriously for landlords is a confession from nearly 5% of tenants admitting to subletting rooms in their property.
Ian Williams, a spokesman for Ocean Finance, said: “It's important that tenants read their tenancy agreement and if there's anything they are not clear about then they should ask their landlord.”
He added that while some of the clauses in a tenancy agreement may be ‘niggly’ breaching them could see the landlord withholding part of their deposit to help pay for the damage caused.