A new survey, released by Direct Line for Business has suggested that landlords who do not instruct letting agents to handle the legal paperwork on their behalf may be laying themselves open to risk.
The survey discovered that 58% of landlords used adapted tenancy agreements, with 38% using an agreement from an old tenancy, and the remaining 20% borrowing a document from an online source.
In addition to the worries surrounding the provision of tenancy agreements, the research also uncovered the following concerns:
- 13% per cent of landlords have had to deal with disputes arising from tenants’ rental contracts in the last two years.
- 9% of landlords have not informed their tenants that their deposit is held in a government-backed tenancy deposit protection scheme (despite the fact that it is a legal requirement to provide the name and contact details of the tenancy deposit protection scheme and its dispute resolution service within 30 days of taking a deposit).
- 4% cent of landlords have not taken any deposit from their tenants.
38% of landlords in England have never heard of the government’s ‘How to rent: the checklist for renting in England’
- Only 29% of landlords have supplied the ‘How to rent: the checklist for renting in England’ guide.
If you’re concerned about the security of the tenancy agreement you have supplied your tenants, or would like any assistance with the legal paperwork associated with letting a property, contact the team at Urban.co.uk on 0800 689 9955 or email@example.com
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