Banking & You It appears that it wont be mandatory to replace the old assured shorthold tenancy with new ones, but it would seem to be sensible to do so. In the event of any dispute with regards to the tenancy, the courts would obviously be more in tune with the clear and precise terms of the new “private standard agreements”. New rules regarding repossession of the property will come into force too. banking and you magazine Whilst at present tenants have the right to hold the tenancy for six months, the new rules will allow more flexibility should the landlord be placed in a position where it is imperative that the property should be placed on the market, for instance. This “tidying up” will make life a whole lot more simple, both for the current and prospective landlord and promises to be a real change for the better. Taking on a property in addition to your home can be a time consuming and complex matter. Before you become a landlord (or lady), make sure youve thought it through! banking and you magazine buy online
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