The new tenancy agreement in Scotland is set to bring significant changes in how landlords and tenants interact. The Scottish government has introduced the new Private Residential Tenancy (PRT) agreement, which replaces the previous Assured and Short Assured Tenancies.
The PRT is a comprehensive tenancy agreement that provides a more stable and predictable renting experience for tenants. The agreement includes a number of key changes that benefit both tenants and landlords.
One of the key changes is the increase in the minimum notice period for ending a tenancy. Previously, landlords could end a Short Assured Tenancy with just two months` notice. However, under the PRT, landlords must provide tenants with at least 28 days` notice if they wish to end the tenancy in the first six months. After six months, the notice period extends to 84 days.
The new agreement also gives tenants greater security of tenure. Under the PRT, tenants have the right to stay in the property indefinitely, provided they continue to pay rent and comply with the terms of the agreement. This means landlords can no longer evict tenants without good reason.
Another significant change is the introduction of rent controls. Under the PRT, landlords can only increase rent once a year, and must give tenants three months` notice of any increase. The Scottish government has also set up a Rent Pressure Zone system, which allows local authorities to cap rent increases in certain areas where rents are rising too quickly.
The PRT also includes provisions for dealing with disputes between landlords and tenants. Both parties can access free mediation services to resolve any disagreements, and there is also an independent tribunal system for resolving more serious disputes.
Overall, the new tenancy agreement in Scotland aims to create a fairer and more balanced rental market. The increased security of tenure, rent controls, and dispute resolution provisions should give tenants greater peace of mind and make renting a more attractive option for many people. Landlords will also benefit from longer tenancies and a more streamlined dispute resolution process.
If you are a tenant or a landlord in Scotland, it`s important to familiarize yourself with the new PRT agreement. You can find more information on the Scottish government website or speak to a housing advisor for advice and support.