Editor's note: This brief was summarised by The Property AI Team from a report by Landlord Today. Read the original article for full details.
Landlords Face £7,000 Fine If Key Document Not Sent by 31 May
Landlords are being reminded that they could face fines of up to £7,000 if they do not provide tenants with a new government information sheet by Sunday, 31 May. The document explains how the Renters Rights Act affects their tenancy and must be given to existing tenants either by email or hard copy.
According to Landlord Today, the deadline applies to all landlords with existing tenants. In addition, any tenants who currently have verbal agreements must have their arrangements formalised by the same date.
Letting agents and inventory clerks should ensure that their landlord clients are aware of these requirements to avoid potential penalties. The new information sheet is a government-issued document and is mandatory for compliance under the Renters Rights Act.
Source: Landlord Today