The Residential Landlords Association (RLA) has recently updated its tenancy agreement to reflect changes in UK housing laws. The RLA tenancy agreement 2018 is a comprehensive legal document that sets out the rights and responsibilities of both landlords and tenants.
One of the key changes in the RLA tenancy agreement is the inclusion of new clauses regarding tenant fees. Under the new rules, landlords are no longer allowed to charge tenants for referencing, credit checks, or admin fees. This means that landlords will have to absorb these costs themselves, which could lead to higher rental prices.
The RLA tenancy agreement also takes into account the new rules around tenant deposits. From June 2019, landlords will not be able to charge more than five weeks` rent as a deposit, unless the annual rent exceeds £50,000. This means that the RLA tenancy agreement includes a section on how deposits will be handled, including how they will be protected and returned at the end of the tenancy.
In addition, the RLA tenancy agreement sets out the obligations of both landlords and tenants. For example, landlords are required to provide a safe and habitable property, while tenants must keep the property clean and tidy, and report any issues promptly. The agreement covers issues such as rent payments, repairs and maintenance, and the giving of notice to end the tenancy.
Overall, the RLA tenancy agreement 2018 is a thorough and up-to-date legal document that provides protection and clarity for both landlords and tenants. It is important for both parties to understand the terms of the agreement before signing, to ensure a smooth and trouble-free tenancy.