Important news for all buy-to-let landlords in Bristol and Bath this week, with the announcement of imminent legislation coming into effect from February on the Right to Rent for tenants in rented properties across the South West.
The new legislation, which applies to all private rented property landlords, imposes financial penalties for not checking the immigration status of new tenants entering Tenancy Agreements to move into rented properties in Bristol and Bath.
The Right to Rent rulings could impact all tenancies, and it’s anticipated that many buy-to-let landlords will now turn to letting agencies in Bristol and Bath to assist them with property management services, as the increasing burden of property-related legislation takes more time to manage and monitor from 2016 onwards.
Any property landlord or buy-to-let landlord in Bristol and Bath – or letting agency acting on their behalf – failing to complete the necessary Right to Rent checks on new tenants could face fines of £3,000 per unverified tenant from February.
It’s estimated that 2.6 million people will be checked for their Right to Rent in the UK this year, and with the onus firmly on property landlords or their letting agents in Bristol and bath, this legislation must be complied with from next month.
To find out more about the Right to rent requirements, read the full story here.
If you’d like any assistance with Right to rent issues or queries, get in touch with our letting agents in our Clifton and Downend offices in Bristol, and Barton Street in central Bath. We’re always happy to help landlords over an informal cup of coffee.
To find out more about how our expert letting agents in Bristol and Bath can help you, please get in touch here.