jagomart
digital resources
picture1_Agreement Contract Sample 202090 | Terminology


 156x       Filetype PDF       File size 0.17 MB       Source: rentsmart.gov.wales


File: Agreement Contract Sample 202090 | Terminology
terminology the introduction of the renting homes wales act 2016 brings with it numerous changes to terminology surrounding tenancies and contracts in wales this guide gives an overview of some ...

icon picture PDF Filetype PDF | Posted on 10 Feb 2023 | 2 years ago
Partial capture of text on file.
                                              Terminology
                                              The introduction of the Renting Homes (Wales) Act 2016 brings with it 
                                              numerous changes to terminology surrounding tenancies and contracts 
                                              in Wales.
           This guide gives an overview of some of these key changes. Further information can be found in 
           Rent Smart Wales’s free online training ‘Renting Homes’ or on the Welsh Government Website: 
           gov.wales/renting-homes-housing-law-changing
              Old terminology                         New description
              Assured Shorthold                       Standard              Standard Occupation Contracts will be the 
              Tenancy (AST) or                        Occupation            default type of contract in the private rented 
              Tenancy Agreement                       Contract              sector. Standard Contracts can be periodic or 
                                                                            fixed term in the same way an AST could be.
              Tenant                                  Contract-             An individual who rents their homes under 
                                                      Holder                a tenancy or licence, and thus enters into a 
                                                                            contract with the landlord.
              Local Authority                         Community             By default, this type of landlord issues a secure 
              Landlord or                             Landlord              contract. As a general rule, the type of landlord 
              Residential Social                                            dictates what kind of contract the occupier 
              Landlord                                                      occupies under.
              Landlord                                Private               By default, this type of landlord issues a standard 
                                                      Landlord              contract. A landlord of a dwelling in Wales who 
                                                                            is not a ‘community landlord’ would be a private 
                                                                            landlord under The Act.
              Written Tenancy                         Written               Previously, an AST did not have to be written; 
              Agreement                               Statement             however now all contracts must be written.
                                                      of 
                                                      Occupation 
                                                      Contract
              ‘Off the Shelf’ ASTs                    Model                 Whereas previously you would have had to buy 
                                                      Contracts/            a template AST from a stationers or obtain one 
                                                      Model                 from an agent or solicitor, now a model contract 
                                                      Written               can be obtained from the Welsh Government for 
                                                      Statement             free and amended (if needed) to fit the situation.
                                                      of Contract 
                                                      (MWS)
              Tenancy Terms and                       Terms                 The Act provides for 4 kinds of term:
              Conditions                              of the                    •   “Fundamental terms”;
                                                      Contract                  •   “Supplementary terms”;
                                                                                •   Terms relating to “key matters”;
                                                                                •   “Additional terms”.
                                                                            What the final terms of the contract are varies 
                                                                            depending on the type of contract.
The words contained in this file might help you see if this file matches what you are looking for:

...Terminology the introduction of renting homes wales act brings with it numerous changes to surrounding tenancies and contracts in this guide gives an overview some these key further information can be found rent smart s free online training or on welsh government website gov housing law changing old new description assured shorthold standard occupation will tenancy ast default type contract private rented agreement sector periodic fixed term same way could tenant individual who rents their under holder a licence thus enters into landlord local authority community by issues secure as general rule residential social dictates what kind occupier occupies dwelling is not would written previously did have statement however now all must off shelf asts model whereas you had buy template from stationers obtain one agent solicitor obtained for amended if needed fit situation mws terms provides kinds conditions fundamental supplementary relating matters additional final are varies depending...

no reviews yet
Please Login to review.