Nick Symes on… The Right to Rent Acton
The Right to Rent Act came into force 1st February 2016. This applies to ALL private Landlords and requires them to carry out Right to Rent checks for ALL new leases signed on or after 1st February 2016.
Failure to comply with the legislation will result in a fine of up to £3,000, per tenant.
The checks are to ensure you are not renting your property to someone who isn't allowed to stay in the UK.
Within the legislation however, there are some exceptions, including:
- Some accommodation provided by Local Authorities
- Student accommodation, where the student has been nominated by a Higher Education institution
- Hostels and refuges
- Company lets
- Holiday accommodation
For more information see http://www.reichinsurance.co.uk/our-services/residential-property/property-owners/