Long duration ASTs to combat proposed changes?

pic of a question mark as landlord asks question about the AST when someone transitions property118

by Readers Question

9:29 AM, 15th July 2024, 2 years ago 13

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Advice Landlord News Landlord News Landlords Questions Lettings & Management

Hi, I understand the new Labour government will quite soon look to end ASTs, as the Tories almost executed this within the defunct Renters (Reform) Bill.

If you have a reliable current tenant or a promising new one with excellent references (though unproven), how smart is it to use a Deed instead of an AST (which maxes out at 3 years) for, say, 5 years or more, especially if they want a long-term stay?

This could greatly assist landlord planning, assist 6 monthly inspections, and avoid rapid turn over of tenancies where tenants’ notice periods will be extremely short.

The Deed would include an annual inflation increase clause.

The key question is whether any new legislation could somehow render such a Deed irrelevant or non-functioning, although I am doubtful that could be achieved.

What do others think of this?

Thanks,

Andrew

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Tags: inflation rent increase clause, Labour government AST end, landlord planning, long-term tenancy Deed, rental property inspections, Renters Reform Bill, tenant turnover reduction

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