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Wording for new written statements being brought in under the Renters’ Rights Act has today been confirmed by Government
From 1 May this year landlords will need to provide a written statement setting out certain mandatory information before tenancy agreements are signed.
The Government has now published secondary legislation in draft setting out what should be included, giving the sector the opportunity to start preparing new tenancy agreements ahead of 1st May.
The mandatory information that must be included is:
If you’re signing the agreement on or after 1st May, then this information will usually be contained in the assured periodic tenancy agreement itself, so you don’t need to provide it separately. However, you can if you wish.
Make sure to download a new assured periodic tenancy agreement from the NRLA site before you do.
Using an older tenancy template from 1st May, not only means you are giving the wrong information, but you could also face fines from your local authority.
Failing to provide this information is a breach of the Renters’ Rights Act and could mean you are fined by a local authority.
Normally this civil penalty will be around £4,000 but can be higher, particularly for repeated failures.
If your tenancy is already in writing, then you don’t need to provide a new written tenancy agreement or a separate written statement.
Instead, you will be expected to provide a separate information sheet to your tenants outlining the changes. This will be published by the Government in March and must be served on your existing tenants no later than 31st May.
The wording is still in draft form but it is unlikely to change much, with the final version to be confirmed in March.
Now that we have the draft tenancy information we will prepare an assured periodic tenancy and make it available to members shortly.
This will allow you to familiarise yourself with the new tenancy and negotiate tenancies you plan to sign on or after 1st May.
For tenancies signed before 1st May, we will also amend our existing assured shorthold tenancies to incorporate the relevant changes, giving you the chance to show your tenants you are prepared for the Renters Rights Act changes.
Over the coming days we will update our guidance on the site with more information and templates for you to use. Check our Renters’ Rights Hub for updates.
We also understand that more detailed guidance on how to comply with these requirements is going to be published by the Government in the near future, which will be available on this page.