£20M To Fix Housing Crisis?
2 years ago | 1 comments
Landlords, You Can’t Sell Up! New Rules on Evicting Tenants Within 2 Years
9:31 AM, 7th August 2024, 2 years ago
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In this crucial episode of Property Breaking News, Ranjan Bhattacharya and Andrew Roberts discuss the latest legislative changes affecting landlords: a new rule that prohibits evicting tenants within the first two years of a tenancy if you wish to sell the property.
What does this mean for landlords facing financial difficulties, especially with fluctuating interest rates? How will banks, with their substantial rights, navigate these changes? Join Ranjan and Andrew as they delve into the implications for landlords, tenants, and the housing market.
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Member Since October 2016 - Comments: 18
12:25 PM, 11th August 2024, About 2 years ago
So many landlords (and agents) seem to be unaware of S5 of the housing act.
Section 5 of the Housing Act 1988 covers security of tenure and the rights and responsibilities of landlords and tenants. It states that when a fixed-term tenancy ends, an assured tenancy (AST) automatically becomes a statutory periodic tenancy (SPT) if the tenant remains in occupation:
If you want to remove a tenant at the end of a fixed period, you currently have to issue a S21 notice appropriately.
Member Since April 2024 - Comments: 284
11:36 AM, 26th August 2024, About 2 years ago
Reply to the comment left by David Rose at 11/08/2024 – 12:25
Thank you.