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Landlord Discussion[ Contents | Search | Post | Reply | Next | Previous | Up ] Attn: Landlords & Letting AgentsFrom: Lisa CommentsHi, some info for those who are not already aware, apologies if this has already been featured but I couldn't find it anywhere.....
The Office of Fair Trading have recently released a new set of guidelines involving tenancy agreements. These centre on the use of 'unfair' terms, plain English and intelligible language. There are quite a number of phrases that OFT have identified as being unfair and they expect these to be removed. NB Enforcement action WILL be taken by OFT or by local trading standards if non-compliant. Use of words such as 'indemnity', legal jargon and long sentences are frowned upon and they insist that any tenant should be able to understand every word and be given enough time to check out all of the information (i.e. not required to sign a document they haven't seen before the day they move in!) To quote: "OFT expects those who use or supply standard pre-formulated tenancy agreements to review their terms and conditions in the light of the guidance and amend or remove any unfair terms from these contracts. If a term in a tenancy agreement is found to be unfair it will not be enforceable against the tenant. Letting agents and landlords will need to be aware of this potentially serious problem." FREE copies of the regulations are available from HMSO - download from their website at www.legislation.hmso.gov.uk Regards, Lisa. Last changed: July 01, 2003 |
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