If you are a Landlord, here are 5 changes to the Law that you should know…..
- The statutory notice period for most residential tenancies has been increased to 3 months. This includes section 21 and section 8 notices. This period can be extended up to 6 months;
- For a business tenancy no right of re-entry or forfeiture for non-payment of rent can be enforced until 30 June 2020 or any other date that the Secretary of the State or Welsh Ministers say. This period of non-enforcement has been given the name the “Relevant Period”;
- Unless a Landlord gives an express waiver a Landlord will not waive the right of re-entry or forfeiture;
- If Court proceedings have already begun for non-payment of rent or forfeiture, the tenant cannot be evicted before the end of the Relevant Period;
- If a tenant fails to pay the rent, that failure will be disregarded if the reason given is “persistent delay in paying rent” (Section 30(1)(b) Landlord and Tenant Act 1954).
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