This week at City Rental Services, we’re taking a closer look at certain items of legislation and their impact on rented property landlords in Bristol.
Following the Election fever across the UK, and the changes that brings, we’re reflecting on the mood of people in Bristol and are aware that housing remains a major focus in Bristol and across the wider UK this month.
Investment landlords need to be aware of the effects of the Deregulation Bill as highlighted in the Queens Speech in Parliament.
We found a useful article around the Deregulation Bill worth reading here, which clearly sets out the impact on rented property landlords.
In essence, the Bill introduces legislation for landlords around three key areas, namely:
1. Energy Performance Certificates (EPC)
2. Tenancy Deposit Protection
3. Section 21 Notices & Disrepair issues
Here’s how the Bill legislation breaks down:
Energy Performance Certificates – all landlords will need to provide tenants with an EPC and Gas Safety Certificate before the tenancy begins, and if at a later date the landlord wants to serve a Section 21 Notice on the tenant, he’ll need to prove the tenant has been provided with these documents.
Tenancy Deposit Protection – the landlord needs to be compliant around the TDS available by 23rd June of this year – for further information, visit here – this particularly relates to tenancies that commenced before April 2007.
Section 21 Notices – there are various changes for landlords in the bill, one is the Form of Notice, which means that from 01st July 2015 one type of Notice can be served regardless of whether the tenancy is fixed or periodic, there are other new rules so check before you serve a notice.
There have also been changes around Retaliatory Evictions brought about by the Bill, namely that if a tenant serves a written complaint on a landlord, the landlord must respond within 14 days, specifying the proposed action they are going to take. The landlord must now respond within 14 days to the tenant.
Furthermore, the landlord cannot then service a Section 21 Notice on that tenant (sometimes called a Retaliatory Eviction) until the remedial action has taken place.
With important changes coming into effect from the Deregulation Bill, we’re here to help our landlords and tenants make their way through the legislation landmine, and safely onto the other side of it all. Pop in and see us today.
To find out more about our letting agency services in Bristol, simply call into 58 Gloucester Road to see us.