CPS Homes

10 reasons why we're not using Welsh Gov's model Written Statement of Occupation Contract

When The Renting Homes (Wales) Act came into force in December 2022, Assured Shorthold Tenancies (ASTs) were replaced by Written Statements of Occupation Contracts. 

If you don’t currently use our Fully Managed, Rent Collection or Tenant-Find services, you may well find that your agent is using the Welsh Government's model Written Statement, without any amended or added terms. We cannot stress enough how important we believe it is that the Written Statement is changed to make it more robust for landlords.

Read our detailed guidance below to learn exactly why we've created our own Written Statement, why we're not using Welsh Government's, and why it isn't in your best interest to use it either...

It puts landlords in a weaker position than they should be
Rent periods unclear & no deterrent for lateness
Tenants empowered by “unfit property” term
“Tenant-like manner” duties aren’t included
Inventory requirements too strict for some landlords
Payments in event of default aren’t included
Content exclusive to our managed landlord clients
Content exclusive to our managed landlord clients
Content exclusive to our managed landlord clients
Content exclusive to our managed landlord clients

Let CPS Homes help

We're experts on The Renting Homes (Wales) 2016 Act and are helping prepare landlords for the changes. By instructing us to manage your property, we will...

  • Work with you to put efficient processes in place well in advance of key dates for new legislation and regulations, ensuring you and your properties are compliant, safe and legal.
  • Save you the cost of a Rent Smart Wales landlord licence and the hassle of ongoing training.
  • Maximise your rental income by ensuring the property is always achieving its full potential.
  • Provide you with your own representative within our Lettings and Accounts departments.
  • Produce a FREE professional walkthrough video tour and photography as part of our standard marketing package.
  • Place you on our VIP Investor list where you'll get priority access to pre-market investment properties before they're listed online.
  • Provide you with peace of mind via our Client Money Protection (CMP) policy, professional indemnity insurance, and redress scheme membership.

To discuss CPS Homes taking over management of your property, contact our Senior Property Investment & Market Advisor, Rhys Owen, today via rhys.owen@cpshomes.co.uk or 02920 668585.

15 November 2022

    The information contained within this article was correct at the date of publishing and is not guaranteed to remain correct in the present day.

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