Residential Lettings Updates and New Documents
This month we have carried out a comprehensive review of all the Residential Property Letting documents in the Business folder. A large number of documents have been updated and some new documents have been added.
Next month we will complete a detailed review of the commercial property documents. Subsequently, a brand new Property folder will be launched, to add to our existing Business, Corporate, Employment and Health & Safety folders. The Property folder will provide landlords of residential and commercial properties with a large selection of professionally drafted documents to help them create and manage lettings.
The updated documents include various tenancy agreements, termination notices and letters for managing tenants. All documents feature modernised language and aim to express the law in plain English wherever possible.
The Assured Shorthold Tenancy Agreements have been amended having regard to relevant Office of Fair Trading guidance on unfair terms in tenancy agreements.
We have also ensured that the documents comply with the April 2012 changes to the Tenancy Deposit Protection legislation, including the extension of the deadline for the protection of deposits from 14 days to 30 days.
We now have a wider selection of Assured Shorthold Tenancy Agreement templates which cover furnished and unfurnished properties and flats and houses. Most landlords will be able to find a template that suits their circumstances.
New explanatory notes have been created to accompany each document. These appear above the “Download Document” button. The notes explain when the document should be used and what effect it has. Any legal or practical issues for the landlord are flagged.
The contents of this Newsletter are for reference purposes only and do not constitute legal advice. Independent legal advice should be sought in relation to any specific legal matter.