Why A DIY Tenancy Agreement Could Be Disastrous For Thanet Landlords
15/08/2023 1990

The Dangers of DIY Tenancy Agreements: Why Use a Letting Agent

Type ‘tenancy agreement’ into Google and you’ll get thousands of results offering free online templates and guides to writing your own rental contract.

So why bother using a letting agent to sort out the tenancy agreement if you can do it yourself? What could possibly go wrong?

Well, quite a lot. Hastily downloading a template from the internet and high-fiving yourself for a job well done could prove to be a costly mistake.

It might not become apparent for months or even years, but if you get into a dispute at the end of a tenancy, or want to regain possession of the property, you could find your contract is worthless.

Legally Unsound Agreements

Incorrect legal terms, illogical clauses, confusing wording… all of these can cause problems when a tenant moves out or challenges something in the contract. There have also been many changes to renting rules over the last few years (with more set to take effect soon), which could render your DIY agreement useless.

Using an agent with access to a properly drafted, legally sound, up-to-date tenancy agreement can save you a fortune in stress, hassle and expense in the long run.

Other Legal Requirements

At the beginning of a tenancy, landlords must provide the tenant with a number of important documents – not just a tenancy agreement. These include gas and electrical safety certificates and information about the relevant deposit service the landlord uses.

A freestyling approach to establishing a tenancy could mean you fail to get this paperwork right – an outcome that could invalidate whatever tenancy agreement you do have. This means any dispute will be even more protracted and expensive.

Notice Periods

The same applies to serving notice. If the tenancy was set up incorrectly without all the paperwork provided to the tenant, it could invalidate any notice you serve. Are you up to date with all the recent rule changes to notice periods? An agent definitely will be.

Setting up a DIY tenancy agreement might seem like a way to save money, but in the long run, you could be left seriously out of pocket. Protect your investment, and let Cooke & Co Estate and Letting Agents do the hard work for you.

Don't gamble with your tenancy agreements. Trust the experts to provide you with peace of mind and security. Contact Cooke & Co Estate and Letting Agents today to safeguard your investments and ensure you're compliant with all legal requirements.

Dangers of a DIY tenancy
Please Click Here to link seamlessly to hundreds of interesting community and property-related articles, videos, and pictures on our local blog/property insights page, Thanet coastal interactive tour, Up to date latest properties for sale and to rent, and much, much more.
Before you go, we would love you to comment or like this article. Please feel free to give your thoughts, helpful comments, or even suggestions of articles you would like us to write about.

About Cooke & Co

Cooke & Co, a liked and respected estate agency trading since 1992, is conveniently situated in the picturesque seaside district of Thanet. We proudly operate from our local offices in the region's primary towns, namely Margate, Broadstairs, and Ramsgate. Additionally, our extensive reach encompasses the charming areas of Westbrook, Westgate, Birchington, Monkton, Manston, and Minster. Our presence in these diverse locales enables us to offer an enriched understanding and comprehensive service to the property market in these prime coastal towns and villages.

Contact our offices at the following numbers:

Leave a comment

Add Comment
Tag : legislation