Bond Oxborough Phillips, Torrington

BOP Torrington Tenancy Healthcheck

Why?

When asked in the last 12 months to re-let property for new landlords - 100% of cases were found not to have any, or all of the legal documentation required, in order to legally let the property - risking invalidating the tenancy agreement and forfeiting the landlords rights, with potentially £63,250 in fines

and or a prison sentence! We want to keep you out of prison and keep your rights to end any tenancy and avoid big fines!

How?

We will conduct a thorough check of all of the tenancy documentation including:

The Tenancy Agreement itself, the EPC, Gas Safety Certificate, EICR, How to Rent Guide, Deposit Registration and Prescribed Information - all of which have been subject to legislation and other updates / changes in recent years.

After we have checked through all of the above, we will:

• List any or all items missing / incorrect / invalid (if at this point all is found to be ok, we will advise and issue a clean bill of health) and a reduction in the fee.

• Advise on how to remedy the issues identified and we will then, depending on what level of service you require, either arrange, or put you in touch with local professionals.

• Set automatic reminders for any renewal items so that we can alert you in the future when these items are due to expire.

Fines for individual missing prescribed tenancy documents

• Invalid or no EPC present - up to £5,000 per property

• Invalid or no Gas Safety Certificate -up to £6,000 per property and or a prison sentence

• Invalid or missing EICR - up to £30,000 per property

• Incorrect registration of deposit, non-issuing of prescribed information or deposit scheme terms and conditions - up to 3 times the value of the deposit. £2,250 per tenancy based on the

average rent of £650pcm with a 5 week deposit of £750.

• Invalid or incomplete Right to Rent Check - up to £10,000 per occupier (up to £20,000 if repeated)

Example total of £63,250 in fines based on a couple renting a property with none of the above in place, along with the potential of a prison sentence totalling on average of about 6 months! (according to various online sources)

All that's left for you to answer - is

When?