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www.copeandco.co.uk
The End of Fixed Term Tenancies
The replacement of fixed-term tenancies to a system of periodic tenancies is another significant change that will reshape the private rental sector. Instead of tenants signing agreements for a set period (e.g., 6 or 12 months), all tenancies will now be open-ended, meaning they continue indefinitely until either the tenant chooses to leave or the landlord has a legal reason to regain possession.
Overnight Shift
No Minimum Term
Upon the ‘Commencement Date, all Assured Shorthold Tenancies will instantly become periodic. Any tenancy signed from now until that date will be affected, as well as all existing tenancies.
Tenancies will operate on a rolling, month-to-month basis and there will be no minimum term for new or existing tenancies. This means tenants have the option to leave at any point by giving two months’ notice.
Tenant Quality from
The best way to prevent eviction delays is to avoid the courts altogether. To achieve this, landlords need high- quality tenants in their properties. Of course, even the most reliable tenants can suddenly fall on hard times. However, robust referencing software helps to ensure that tenants don't fall into arrears and the properties they occupy don't fall into disrepair.
Our PRO referencing package from industry leaders, Goodlord, gives Cope & Co. the best chance of placing trustworthy, reliable tenants in the properties that we manage for our landlords. References are completed in under 24 hours, with a very high pass rate. We rely on the data as we get far fewer ‘false fails’ than previously. So when a reference does fail, we know it’s because we’ve mitigated the risk.
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