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More Security For Renters As UK Government Proposes For Longer Tenancy Agreements

More Security For Renters As UK Government Proposes For Longer Tenancy Agreements

According to provided governmental data, renters stay put at a rental property for an average of 4 years. However, 81% of rental contracts are assured shorthold tenancies with a minimum fixed term of between 6 or 12 months. This is problematic as short tenancies have been shown to discourage tenants from challenging landlords for poor property standards; as they fear their tenancy agreement being terminated. As a result, tenants often feel insecure as they are unable to plan for the future, integrate or make long-term contributions within their local community.

However, renters who may be forced to leave their homes at short notice; will be given more security as the UK government proposes for longer tenancy agreements for the minimum of 3 years. This along with break clauses every 6 months will help renters settle into a rental property which they are able to call “home” and provides tenants with the choice to leave a tenancy agreement before the expiration of the minimum 3-year term. Interestingly, longer tenancy agreements with 6 months break clauses may, in fact, help landlords avoid costly vacant periods and provide greater flexibility when trying to regain possession of their property.

 

Source of information:

  1. https://www.gov.uk/government/news/longer-tenancy-plans-to-give-renters-more-security

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