Code 135 Residential Tenancy Agreement

25 oct. Code 135 Residential Tenancy Agreement

If you`re a landlord or a tenant in the UK, you may come across something called a “code 135 residential tenancy agreement.” But what is it, and how does it affect you?

Firstly, a quick explanation of the code itself. Code 135 refers to the code of practice for letting and managing agents in the UK. This code was introduced in 2019 in an effort to improve standards in the industry and protect tenants and landlords alike.

One of the key aspects of the code is the requirement for letting agents to use a standard tenancy agreement. This is where the code 135 residential tenancy agreement comes in.

Essentially, this is a template agreement that agents must use when letting a property. It includes all the necessary clauses and information required by law, and should be tailored to the specific property and tenancy arrangement.

So, what does this mean for landlords and tenants? For landlords, it means that you can be confident that your agent is using a legally-compliant tenancy agreement, and that your rights and obligations as a landlord are fully covered.

For tenants, it provides peace of mind that the agreement is fair and transparent, and that any disputes or issues can be resolved according to a clear set of rules and regulations.

Importantly, agents are also required to provide a copy of the code 135 agreement to both parties before the tenancy begins. This ensures that everyone is aware of their rights and responsibilities, and can prevent any misunderstandings or disputes further down the line.

It`s worth noting that while the code 135 agreement is standardised, it can still be amended to suit the specific needs of the landlord and tenant. For example, if there are specific clauses that you wish to include, or if you want to negotiate on certain terms, this can be done within the framework of the code.

In summary, the code 135 residential tenancy agreement is a key aspect of the code of practice for letting agents in the UK. It provides a standardised, legally-compliant template for tenancy agreements, which benefits both landlords and tenants by ensuring transparency and fairness. If you`re looking to rent a property, make sure to ask your agent if they use the code 135 agreement.