CPS Homes

10 reasons why we’re not using Welsh Gov’s model occupation contract – #6: Payments in event of default aren’t included

Whilst landlords and agents charging fees to contract-holders was largely outlawed by the Renting Homes (Fees etc.) (Wales) Act 2019, the Act does still allow for payments to be required from the contract-holder if they default on the terms of the contract.

Welsh Gov don’t include these ‘permitted payments due to default’ within their model Written Statement (previously known as a "tenancy agreement", meaning landlords are unable to apply or pass on charges that wouldn’t have arisen if the terms of the contract had been met.

We never wish to apply charges to contract-holders where it’s not required, but sometimes it’s needed in order to save a landlord being out of pocket for an expense they’ve incurred due to an act or omission of the contract-holder.

In our Written Statement, we’ve got landlords covered. We’ve included the ability to charge in the following scenarios:

  • Late payments of rent (as we covered in Reason 1).
  • Where a key, fob, parking permit is lost, or a lock needs to be replaced, the equivalent cost of remedying the situation.
  • Work is required to make good something caused by the contract-holder.
  • A contract-holder doesn’t allow a contractor access to the property for a prearranged visit, and the contractor invoices for a call-out charge.

…plus a few a more, but we can’t reveal them all as our improved Written Statement is an exclusive benefit to CPS Homes clients.

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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