Some of the key changes to be aware of are:
• Occupation Contracts – all tenancy agreements will be automatically converted to Occupation Contracts and tenants will become ‘contract holders’. Any new agreements created from 15th July will be Occupation Contracts and will need to adhere to be new Welsh Government’s prescribed format.
• Written Statement - we will have six months from the implementation date of the act to issue a new ‘written statement’ of occupation to all existing tenants/ contract holders to successfully convert them to Occupation Contracts.
• Contract Termination – it makes permanent the requirement to serve notice for a period of six months, where there is no breach by the contract holder, and this cannot be served until after month six. Break clauses will also only be permitted in agreements of 2 years or more and won’t be exercisable within the first 18 months.
• Fitness for Human Habitation (FFHH) – properties will only be allowed to be let and rent payable if they are considered ‘FFHH’. This includes having a satisfactory electrical safety certificate (EICR), a mains wired interlinked smoke alarm system and a carbon monoxide alarm in every room with a gas, oil or solid fuel burning appliance, including gas boilers.
More information is available at https://gov.wales/housing-law-changing-renting-homes but if you have any questions regarding what this means for you and how Peter Alan can help you please don’t hesitate to contact me directly by email on firstname.lastname@example.org
Rents have also risen more in Wales than anywhere else in the UK in the last 12 months and if you’re looking for an up to date valuation of your rental property either visit www.peteralan.co.uk/#valuation for an instant online valuation of your property or visit https://www.peteralan.co.uk/pages/request_valuation to request a valuation and we’ll arrange to meet you and discuss how we can help.
Head of Lettings at Peter Alan
Propertymark ARLA Past President