17 March 2021
There have been many changes in the private rented sector over the last few years. Our property department manage multiple properties across the country; therefore, they have a clear understanding of what measures landlords need to put in place to rest assured knowing that they are fully compliant. Property Manager, Lois Renton, has detailed the three most recent changes to the sector that landlords need to be aware of.
The most recent change comes from the Coronavirus (Scotland) Act. This affects landlords specifically as it extends the eviction period. There is now clear guidance on what you must do regarding rent arrears before applying to the First Tier Tribunal. The notice period for most grounds is now 6 months and all grounds are discretionary. Expectation is that the changes will end at the end of September 2021.
The other change in legislation which affects all landlords is the change in tenancy agreement, known as the Private Residential Tenancy agreement (PRT) from the 2016 act.
A big consideration for all landlords over the next few years will also be the minimum rating of the Energy Performance Certificate required to let a property.
In addition to changes in EPC requirement, we also encourage landlords to research the upcoming changes to the Tolerable and Repairing Standards. These are a list of basic habitable requirements of the property which were changed in February 2021 and will change again in March 2024. Along with the basic compliance requirements, it is crucial that landlords put the correct measures in place as they are not recommendations, they are legal requirements.
Our property team can provide a document health check for landlords to ensure their tenancies are legal and compliant. We can also carry out a property inspection to suggest improvements, helping you comply with future EPC ratings.
As registered letting agents and registered factors, you can rest assured that your properties are in safe hands, whether you need straightforward letting guidance or require someone to manage every aspect of your property. For further information regarding any of the points above or to learn about our let only or managed property services, contact the property team by emailing firstname.lastname@example.org or visit the property webpage.