What does a regulated tenancy do?
A regulated tenancy is a type of tenancy agreement that provides tenants with security of tenure. This means that tenants have the right to remain in the property for as long as they wish, provided that they continue to pay rent and abide by the terms of the tenancy agreement.
What are the key features of a regulated tenancy?
One of the key features of a regulated tenancy is that tenants are entitled to a fair rent. This means that the rent charged by the landlord must be reasonable, and cannot be increased by more than a certain amount each year. The amount of rent that can be charged is determined by the Rent Officer Service, which is a government agency that is responsible for setting fair rents.
Another important feature of a regulated tenancy is that tenants have the right to have repairs carried out by the landlord. Landlords are required to keep the property in good repair, and if repairs are needed, the tenant can request that the landlord carries out the work. If the landlord fails to carry out the repairs, the tenant can take legal action to force the landlord to do so.
Tenants in regulated tenancies also have the right to sublet part of the property, provided that they obtain the landlord's consent. However, the landlord cannot unreasonably withhold consent, and the tenant is not allowed to sublet the entire property.
What landlords need to know about regulated tenancies
Landlords who are renting out properties under regulated tenancies need to be aware of their obligations under the Rent Act 1977. They must ensure that they provide their tenants with a fair rent, and that they carry out any repairs that are needed. They also need to be aware that they cannot increase the rent by more than a certain amount each year, and that they cannot unreasonably withhold consent for their tenants to sublet part of the property.
Landlords who are considering letting out a property that falls under the Rent Act 1977 should seek professional advice to ensure that they fully understand their obligations under this type of tenancy agreement.
How should landlords approach regulated tenancies?
Regulated tenancies provide tenants with security of tenure and fair rent. Tenants in regulated tenancies have the right to have repairs carried out by their landlords, and they also have the right to sublet part of the property. Landlords who are considering renting out a property under a regulated tenancy need to be aware of their obligations under the Rent Act 1977, and should seek professional advice to ensure that they comply with the law.
Learn how to comply with regulated tenancies
You must understand your duties as a landlord of a regulated rental or face harsh penalties.
Contact AST Assistance to manage properties and tenants with regulated tenancies, or to seek expert assistance on any challenges or concerns you may have about regulated tenancies. We can relieve your tension since we have assisted numerous landlords in understanding their obligations and complying with regulated tenancies.
Contact our helpful and knowledgeable staff by phoning 01706 619 954, sending an email to info@ast-assistance.com, or filling out our contact form below.
