The government has launched a new model tenancy agreement for use in the private rented sector.
The assured shorthold tenancy is particularly designed for tenancies of two or more years, and therefore includes provisions for rent reviews and for either the tenant or the landlord to end the tenancy during a fixed term in the event that their circumstances change.
The model tenancy can be completed online, or printed and filled out manually. A ‘wet’ signature will still be required from both parties in either case. Use of the agreement is voluntary, and no party is allowed to charge for its use.
Announcing the new model agreement, housing minister Brandon Lewis said: “Today we are publishing our tenancy agreement which tenants can use to ask for longer tenancies from their landlord if they want to. These agreements will also benefit landlords. It allows them to avoid leaving their properties empty and pay fees to letting agents for finding new tenants as often.”
The explanatory notes to the agreement continue: “The Government recognises that there is growing interest in tenancies that have a longer fixed period – e.g. three years. Such agreements can give tenants – particularly families with children - greater certainty and stability to plan for the future.
“Entering into longer tenancies is also beneficial to landlords as it offers greater certainty on rental income, minimises periods when the property is vacant and avoids the costs associated with finding new tenants. It also means that neither tenants nor landlords need to pay fees to renew a tenancy.”
Tenants and landlords can download the agreement and its explanatory notes from the government’s .GOV website.
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