New model AST for longer fixed terms – MHCLG

by Property 118

11:15 AM, 8th April 2020
About 2 months ago

New model AST for longer fixed terms – MHCLG

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New model AST for longer fixed terms – MHCLG

The Ministry of Housing Communities and Local Government have released a new model tenancy agreement and guidance specifically to be used for longer term tenancies of 2 or more years.

Although this does not take into account that most lenders criteria will only allow a 6 or 12 month tenancy maximum, it is however, only optional as a suggested template.

“It contains provisions relating to rent reviews and those which enable the landlord or the tenant to end the tenancy during the fixed term if their circumstances change.

The model tenancy agreement is made available free of charge and can either be completed online or downloaded and completed manually. If the agreement is completed online, it will need to be printed off for wet signature.

It is intended to be used in its entirety without any deletions or other amendments. It allows for particular boxes to be ticked and text to be inserted in certain sections.

Two copies of the agreement should be made – 1 for the landlord, the other for the tenant. It is the responsibility of either party to keep the agreement in a safe place as it will need to be referred to during the tenancy.

The use of the model is entirely voluntary. There is no legal requirement to use it – although landlords and tenants will be able to do so with confidence.

If you plan to use the agreement also see the how to rent guide.”

The relevant links to the new tenancy are below:

Model agreement for a shorthold assured tenancy and accompanying guidance (online version)

Model agreement for a shorthold assured tenancy and accompanying guidance (print version)



Comments

terry sullivan

12:25 PM, 8th April 2020
About 2 months ago

no thanx--unless all monies in advance

Annie Landlord

13:05 PM, 8th April 2020
About 2 months ago

Interesting. Is this a signal that even if the government tinkers with S21, it will not end it and will not introduce indefinite tenancies?

Rob Crawford

14:22 PM, 9th April 2020
About 2 months ago

Interesting, I note that some mortgage lenders are now insisting the use of this AST template for tenancies longer than 12 months.


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