The problem with these changes is that they make renting property in Wales more difficult and confusing for landlords, they also change the risk calculation for landlords if they think the only way to get possession of the property is to wait 1 year from the start of the tenancy, or alternatively try going to court with all the added expenses & good luck with getting a date for that in anything resembling a timely manner. (12 months+) Allot of landlords are now either looking to get out of the sector or like myself I'm looking at purchasing new properties in England and switching investment strategies. With a housing crisis and lets be clear it is a crisis right now with tenants desperate for somewhere to live these types of changes are tone deaf. You need fairness to be on both sides of the tenant and landlord relationship, when that becomes skewed too far in favour of one party (lets say the tenant in this example) then landlords just won't take the risk and invest. Also with my properties and like many other landlords I provide bills included, with the current energy crisis this is a huge challenge and I've been taking a financial hit as I try to limit any rent increases, if I can now legally only put the rent up once in every 12 month period then how on earth will this be practical? I have noticed to try to mitigate these changes landlords are now massively increasing the rents for new tenants, I can see that many have gone up by about 80%, they are also asking for 12 months rent in advance and guarantors who own their own homes for every contract - which as well as the reduced housing stock is another of the unintended consequences that these types of changes are having on tenants. The intentions for the policy changes may well have been good but the reality of large changes while there are so many other pressures facing both landlords and tenants is that the Welsh Government is stalling the tenancy market and worsening the situation. Along with section 24, Article 4, EPC changes and mortgage interest rises landlords have really had enough.
Hi John, the Act allows more time for landlords with existing tenancies to provide a written statement for their contract holders. Where a landlord has an existing tenancy in place prior to December 1st, a written statement of the converted contracted must be given to the contract holder by 1st June 2023.
How do i remove my tenant that lives in/created a hovel that was my lovely previous home? she lives alone in my 3 bed house in a cul de sac in the country ....she owes me £10,345 as of 23rd april 2023?... assured tenancy started september 2015.... since lost job now claiming benefits milking her 'health' issues.....We have to now pay out an absolute fortune including having to do courses that are entirely futile as we are selling the property as soon as shes out ...Welsh assembly are off loading these people on landlords which has prompted them to sell up asap ....solicitors are overwhelmed with eviction notices we have been told....massive court/solicitors fees WE have to fork out.....WARNING TO OTHERS DO NOT RENT OUT PROPERTIES IN WALES!!!
I’m Not changing over i have 14 Home rentals with my own Contracts set up the way i want them … If you want to rent a Good home from me you sign my Contract Not a Welsh Government One…..
Great video! My tenants are in the new contract (singed this month) if I wanted to do a section 173 eviction, six months notice, when can I serve this on a two year contract? :) Thanks
The problem with these changes is that they make renting property in Wales more difficult and confusing for landlords, they also change the risk calculation for landlords if they think the only way to get possession of the property is to wait 1 year from the start of the tenancy, or alternatively try going to court with all the added expenses & good luck with getting a date for that in anything resembling a timely manner. (12 months+)
Allot of landlords are now either looking to get out of the sector or like myself I'm looking at purchasing new properties in England and switching investment strategies. With a housing crisis and lets be clear it is a crisis right now with tenants desperate for somewhere to live these types of changes are tone deaf. You need fairness to be on both sides of the tenant and landlord relationship, when that becomes skewed too far in favour of one party (lets say the tenant in this example) then landlords just won't take the risk and invest.
Also with my properties and like many other landlords I provide bills included, with the current energy crisis this is a huge challenge and I've been taking a financial hit as I try to limit any rent increases, if I can now legally only put the rent up once in every 12 month period then how on earth will this be practical?
I have noticed to try to mitigate these changes landlords are now massively increasing the rents for new tenants, I can see that many have gone up by about 80%, they are also asking for 12 months rent in advance and guarantors who own their own homes for every contract - which as well as the reduced housing stock is another of the unintended consequences that these types of changes are having on tenants.
The intentions for the policy changes may well have been good but the reality of large changes while there are so many other pressures facing both landlords and tenants is that the Welsh Government is stalling the tenancy market and worsening the situation. Along with section 24, Article 4, EPC changes and mortgage interest rises landlords have really had enough.
If it sais "Robert Evans" Run!!! ⚠️🚨🚨🚨scammer
So If you have a statutory tenant there is No change there?
Hi John, the Act allows more time for landlords with existing tenancies to provide a written statement for their contract holders. Where a landlord has an existing tenancy in place prior to December 1st, a written statement of the converted contracted must be given to the contract holder by 1st June 2023.
How do i remove my tenant that lives in/created a hovel that was my lovely previous home? she lives alone in my 3 bed house in a cul de sac in the country ....she owes me £10,345 as of 23rd april 2023?... assured tenancy started september 2015.... since lost job now claiming benefits milking her 'health' issues.....We have to now pay out an absolute fortune including having to do courses that are entirely futile as we are selling the property as soon as shes out ...Welsh assembly are off loading these people on landlords which has prompted them to sell up asap ....solicitors are overwhelmed with eviction notices we have been told....massive court/solicitors fees WE have to fork out.....WARNING TO OTHERS DO NOT RENT OUT PROPERTIES IN WALES!!!
I’m Not changing over i have 14 Home rentals with my own Contracts set up the way i want them … If you want to rent a Good home from me you sign my Contract Not a Welsh Government One…..
Great video! My tenants are in the new contract (singed this month) if I wanted to do a section 173 eviction, six months notice, when can I serve this on a two year contract? :) Thanks