For new tenants from October 2015, the previous Section 21 Notice will no longer be valid and is replaced by Notice 6A. This new form brings some good news for Landlords as it is no longer necessary to consider the last day of a tenancy period so long as certain information on the form is included.
The not so good news
At the commencement of any new tenancy, all tenants must be provided with:
These requirements must be followed in addition to those introduced in the Deregulation Act 2014:
Further restrictions are now in place to prevent landlords from serving a Section 21:
The bad news
It will no longer be possible to serve a Section 21 Notice on commencement of a new tenancy. As a fail-safe many landlords find the easiest way to ensure they’ll be able to apply for possession upon cessation of the tenancy but this new legislation prevents landlords from doing this.
One decision for landlords to make following these changes may be to hand over the management of their property affairs to a management company. There are a lot of changes to get your head around -“ some may argue a law Degree is necessary to understand them all.
Why not hand it all over to a company with the necessary qualifications and experience to deal with it on your behalf?
For further information on the new legislation or to seek advice on property management, don’t hesitate to get in touch with BuyMyPropertyForCash.co.uk