Some important new rules have been introduced concerning Assured Shorthold Tenancy Agreements (ASTs)for residential properties. These rules came into force on the 1st October 2015 and apply to all ASTs entered into after that date.
The regulations relate to the notice to be given ending an AST (known as a Section 21 Notice).
Clearly ASTs entered into after the 1st October 2015 will not be terminated for some time but to be able to terminate them after the 6 month period, if required, various requirements pursuant to the new rules need to be complied with now i.e. before granting any new AST.
The new rules stipulate that the Landlord cannot serve a Section 21 Notice unless:
The new rules also contain other provisions which will affect Landlords - for example removing the need for a Landlord to specify in a Section 21 Notice the last date of the period of the tenancy as the date of termination and limiting a Landlord?s ability to serve a Section 21 Notice at the start of the AST. ÿ
This is only a snapshot of the new regulations as they affect ASTs so professional assistance will be required.