Are you ready to PRT(Y) in December?

Are you ready to PRT(Y) in December?
December 1, 2017

As most landlords will by now be aware, the new Scottish Private Residential Tenancy (SPRT) will be introduced on 1 December 2017. The new form of tenancy is intended to improve security of tenure for tenants while also providing safeguards for landlords, lenders and investors.

Under the new regime assured and short assured tenancies will be replaced by a new form of tenancy known as the Scottish Private Residential Tenancy or SPRT. The changes will apply only to tenancies created on or after 1 December 2017. Tenancies created prior to that will remain assured or short assured tenancies or, if prior to 1989, regulated or protected tenancies. While there is an option for landlords to convert existing assured and short assured tenancies to SPRTs there is no automatic conversion. The new tenancy will also be open ended and will terminate on the tenant giving notice to the landlord of his or her intention to leave the property or the landlord evicting the tenant on one of the 18 statutory grounds.

The Scottish Government have published a “Model Tenancy Agreement” which includes standardised tenancy terms. The Model Tenancy Agreement is not compulsory. However, if landlords do not use the Model Tenancy Agreement then they must ensure the agreement used contains the statutory terms.

Some benefits for landlords include:

  • where a tenant is in rent arrears, a landlord can refer a case for repossession more quickly
  • one simple notice when regaining possession of a property called a 'notice to leave' – this will replace the current 'notice to quit' and AT6 or Section 33 notice
  • eighteen modernised grounds for repossession, which include new grounds where the property has been abandoned or the landlord intends to sell.

Should you require any further information or guidance regarding Scottish Private Residential Tenancies and the Model Tenancy Agreement please contact a member of The Property Stores' team.

All above information has been provided by Lindsays

 

I am so impressed with the staff at the Property Store in East Kilbride. June had a professional ease about her that seemed to stem from her experience of working within the housing industry. She was knowledgeable about the local area and was able to provide guidance as to how to go about buying a house. Her easy going manner and effective service allowed me to buy my first home as a single female with ease and confidence.   Absolutely amazing service! If I ever sold my new property (which I don’t plan to anytime soon :)!) I would definitely be searching to place it on the market with June at the Property Store. I’ll be letting my friends know about their service who are about to sell their property.   Vicki, purchaser Calderwood Gardens

"A great service from team property store. June helped us sell out property very quickly. Such a great team in there!"

  • Christine Allardyce

"As a first time seller I was unsure of the whole process and where to start. I was recommended EK Property Store by a friend and after first meeting with Euan, I knew right away I wanted EK PS to be the company that sold my flat. Professional, knowledgeable and friendly, Euan took me through the various stages of selling my flat thoroughly and explained the process very well. Communication was constant, I was kept up to speed with all developments. No matter what time of the day if I had a question, Euan was right there to respond. I work long hours so being able to speak to my estate agent after normal working hours was a huge bonus for me. My flat sold up within a matter of weeks and I got above my asking price so I was delighted! Keep up the good work guys, I'll be passing your details on to any friends/family who are looking to sell their property!"

  • - Greg Valente

"A note of thanks for your effortless way in helping us sell our home. Your care and support made it a simple transaction and helped enormously to settle our nerves as we were a bit shaky selling up. Many thanks."

  • - Margaret & John McCarroll

"Called up on the Monday for a viewing, as a first time Letter I'd never done this before but booked up and went to view it, a younger girl was showing the flat named Rachel, nothing was too much trouble told us all about the flat ect if there was anything we wanted changed just to ask she was great.
We really liked the property so I called up and a guy called mark was on the other side of the phone I had a few questions he ran me through it all told me to just be quick at getting all our info across and they would deal with the rest.
Amazing service.
Amazing team.
Amazing experience.
Thanks again!"

  • - Sam

"Can you pass thanks on to the landlord. I've enjoyed living in the house it's just unfortunate my hip condition has deteriorated and caused me to move. I hope the new tenants enjoy their new home. Thank you to property store for all the help and support. A very professional team. I would highly recommend you to others."

  • Helen
  • - Tenant

"I just wanted to take some time out to let you know how super-impressed I have been with the client service received in relation to the above new tenancy which I recently agreed with The Property Store. The service, most notably from Lynn has been nothing short of exceptional and is testament to your wider business operation. In particular, I would like to commend you on your personal can-do approach, nothing was too much of a problem and I was kept informed at each stage of the process from viewing to signing off on inventory. My dog (Magic) and I have really settled in well to this wonderful wee property and it certainly feels like a new start and home for us. I am looking forward to planting out the massive garden come the Spring and enjoying a chilled Rose come the Summer months!"

  • - Tracy Cameron

"All of the staff are great, very professional, helpful and welcoming.
Made our journey very easy and stress free, would highly recommend them!!!
From viewing the property to handover of our keys everything was smooth, no issues and now have a very happy household
Thank you all for your help."

  • - Allyson

"I would highly recommend using the property store . I have just recently let my flat out & they found me a tenant within 1 week. The whole process has been hassle free, Lynne in particular has been fantastic, very professional & the customer service from all the staff has been great. Thank you."

  • Lisa Doogan
  • - Landlord

"For some time I had been looking at further property development opportunities on a buy to let basis. As a landlord I had already been working successfully with the Property Store for a number of years and I took the opportunity to discuss this with them. Living remote from East Kilbride and having talked through my requirements it was clear that the most suitable option was for the Property Store to source, develop and let on a fully managed basis.

I have been very impressed with the speed that things have moved particularly how quickly the properties are upgraded and prepared for letting to the point where we have had tenants in advance of completion of works. As a result I have now added three properties in a matter of a few months.

As a remote landlord it is essential that you build confidence in the agents you are dealing with and the team at the Property Store have been excellent to deal with. They are a well-trained motivated team who know what they are doing.

The Property Store utilises the services of a number of key contractors with whom they have has a business relationship for many years. The contractors know the exacting requirements of owner Lorraine Robb and can be trusted to provide competitive quotes as well as completing works to a high standard. The Property Store fully inspect all works and provide regular feedback and are quick to take care of those small details that make all the difference.

I have no hesitation in recommending the Property Store to anyone considering a fully managed service from sourcing to redevelopment to letting."

  • October 2017 - Landlord and Investor