Premium Only Content
AST Contracts Abolished in Wales | Will England Follow?
Claim Your FREE Ticket to the Property Investors Crash Course: https://www.property-investors.co.uk/
In Wales, the Private Rented Sector (PRS) is the second largest housing sector, accounting for around 15% of all households. Due to the significant role that the PRS plays in housing provision, Welsh Government has introduced a revised contract for tenancies in the sector, to ensure that tenants enjoy greater rights and security.
The Landlord Community: https://www.facebook.com/profile.php?id=100090155599597
The new tenancy agreement in Wales, known as the 'Model Contract', was introduced as part of the Renting Homes (Wales) Act 2016. This contract is designed to make renting more transparent and secure for all parties involved, whether they are landlords or tenants.
One of the main features of the Model Contract is that it replaces the existing ‘Assured Shorthold Tenancy’ (AST) agreement with a ‘Standard Occupation Contract’ (SOC). The Model Contract provides a standardised tenancy agreement that all new tenants in Wales must sign. This ensures that all parties have a clear understanding of their rights and responsibilities in a rental agreement.
Under the new tenancy agreement, tenants will have greater flexibility and security than they did under the previous ASTs. The Model Contract will offer a minimum term of 12 months, which provides tenants with greater security and stability in their accommodation. Landlords will also need to give a minimum of six months' notice for a no-fault eviction, providing tenants with more time to prepare for changes in their housing situation.
Furthermore, the Model Contract will simplify and standardise the language of tenancy agreements, making them easier to understand for both landlords and tenants alike. This will help to reduce the potential for disputes between the two parties, and provide greater clarity when it comes to rental obligations, such as the payment of bills and the keeping of pets.
The new tenancy agreement also provides greater protection for tenants against illegal eviction and harassment. This includes measures to prevent landlords from seeking revenge evictions, where tenants have raised legitimate concerns about their property, such as issues with maintenance or repair work.
In conclusion, the introduction of the Model Contract in Wales is an important development in the PRS, aimed at providing tenants with greater security, transparency, and protection. By standardising tenancy agreements and establishing clear expectations for both landlords and tenants, the Model Contract ensures that the rental process is fair, efficient, and beneficial for all parties involved.
🎥 How to build a property portfolio from scratch in 7 DAYS: https://youtu.be/RWEkj1y8XKs
📖 My favourite book: https://amzn.to/39VcYLa
❓ Have a question about property? Join my Property Facebook Group: https://www.facebook.com/groups/778613042238071
🗣️FOLLOW ME ON SOCIAL MEDIA:
Instagram: https://www.instagram.com/samuelleedsofficial/
Facebook Group: https://www.facebook.com/groups/778613042238071
Facebook Page: https://www.facebook.com/OfficialSamuelLeeds/
Twitter: https://twitter.com/samuel_leeds
LinkedIn: https://www.linkedin.com/in/samuel-leeds-64660683
For collaboration enquires please email [email protected]
🔔 Subscribe for daily content: https://www.youtube.com/SamuelLeeds?sub_confirmation=1
*WARNING* Samuel Leeds will never give out his number in the comments of this YouTube channel. There is currently a channel impersonating Samuel Leeds and commenting on videos with a number to message about investing in cryptocurrencies so please beware of this.
#PropertyInvesting
-
0:59
The Samuel Leeds
2 years agoShould Landlords be FORCED to Freeze Rent Prices?
42 -
LIVE
FreshandFit
10 hours agoTriggered Black Dominican Couldn't Handle It When We Talked About THIS...
12,622 watching -
1:46:40
Badlands Media
11 hours agoBaseless Conspiracies Ep. 160: The Kosovo Organ Harvesting Cover-Up
60.6K15 -
2:04:16
Inverted World Live
7 hours agoTwo Texas Men Plotted to Invade Haiti | Ep. 146
50.5K5 -
2:54:20
TimcastIRL
5 hours agoClinton Judge JUST DISMISSED James, Comey Indictment, Trump DOJ APPEALS | Timcast IRL
208K119 -
3:01:32
SpartakusLIVE
3 hours agoCreator House LIVE STREAM || ASSUAGING the RAGE of viewers by streaming DEEP into the Night
17.6K1 -
17:37
MetatronHistory
22 hours agoThe REAL Origins of the GREEKS
17.3K11 -
1:19:32
The Daily Signal
8 hours ago $3.66 earned🚨BREAKING: James Comey & Letitia James NOT "Off the Hook" on Indictments, Sen. Kelly Court Martial?
17.9K2 -
LIVE
Drew Hernandez
23 hours agoBONDI DOJ BLOWS IT ON COMEY/LETICIA INDICTMENTS?!
932 watching -
PandaSub2000
4 days agoLIVE 10:30pm ET | CARMEN SANDIEGO
17.1K1