Post Section 21 Eviction Vacuum

As announced in the Queens speech back in December 2019 the government has plans to abolish the Section 21 'no fault' eviction through delivery of the the 'Renters' Reform Bill' which is still moving forward.

Details of what is going to replace the Section 21 is still unknown and discussions surrounding the expansion of the Section 8 to fill the gap in the eviction laws has still not been expanded on by the government.

One unchanging fact that has been reiterated is Section 21 will not survive long until 2021.

 

Written by Toby Dawson

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TENANT FEES - NEW ASSURED SHORTHOLD TENANCIES (AST's) SIGNED ON OR AFTER 1 JUNE 2019

Holding Deposit - One week's rent, apportioned to first month's rent

Security Deposit - Five weeks rent if rent per annum below £50,000, six weeks rent if above £50,000

Unpaid Rent - Interest at 3% above the Bank of England Base Rate. Interest will not be applied until the rent is 14 days in arrears.

Lost Keys -  Tenants are liable for the cost of replacing any lost keys and/or security device including the costs of replacing any locks and/or security device if required. 

Changes to the tenancy agreement (Tenant's Request) - £50 inc. VAT (or reasonable costs if higher). 

Early Surrender of tenancy (Tenant's Request) - Should a tenant require an early surrender of their tenancy and should the landlord agree, the tenant will remain liable for the rent due under the tenancy until the date a new tenant takes up occupation of the property. The tenant will be required to cover the landlord's costs in connection with the  surrender of the tenancy and the re-letting the property