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
-
0:25
The Samuel Leeds
1 year agoWork-Life Balance is a MYTH
107 -
28:53
iCkEdMeL
13 hours agoBREAKING: 9 DEAD After UPS Plane BURSTS Into Fireball at Louisville Airport
178 -
20:52
Professor Nez
16 hours agoThe TRUTH is Actually WORSE than we Thought...
74514 -
8:59
MattMorseTV
15 hours agoTrump’s DIRE WARNING to the Senate GOP.
46.8K77 -
2:13:33
Side Scrollers Podcast
18 hours agoAsmongold SUED for Emotional Distress + Hasan REJECTED+ INSANE Plane Crash + More | Side Scrollers
78.4K22 -
21:39
Nikko Ortiz
4 days agoI Take A North Korean Shooting
67.7K10 -
23:01
GritsGG
15 hours agoWarzone Solo Dubular! Last Night Time Solo???
4.38K -
22:47
The Pascal Show
13 hours agoTHEY’RE HIDING EVIDENCE?! Candace Owens EXPOSES Foreign Connection In Charlie Kirk Shooting
9.06K19 -
LIVE
Lofi Girl
3 years agolofi hip hop radio 📚 - beats to relax/study to
177 watching -
FreshandFit
13 hours agoLas Vegas Takeover!
186K18