Absolute transparency is the main principle of the real estate market

The UK government believes that the absolute transparency and availability of information to the consumer – that’s the main key to success and a civilized market. In this regard, developed new rules for real estate agencies rental.

Real estate Agency in England will be required to publish information about the tariffs that they charge. These are the new plans of the UK government, published on 13 may 2014.

This transparent policy will help to ensure a fair deal for both sides – for both the landlord and the tenant, and deprived of the possibility of unscrupulous agents to include in the rent unreasonable, hidden charges. This step also seeks to avoid government regulation of the industry, which can stimulate the growth of rents. However, the government wants to go further in its initiative and will require real estate agents to publish a full tariff rates of their fees both on the website and in a conspicuous place in their offices. For violation of the rules proposed to enforce the penalty.

In the near future are expected other changes in the rental industry of real estate in the UK, according to which will be invited to enter a voluntary model long-term lease agreement, which will provide the tenant greater stability and security, protection from unlawful eviction and introduces tougher penalties for owners who violate the rights of tenants.

According to the initiators of the law, the lease should be kept in a safe place and he will guarantee the rights of both tenant and landlord. Of course, to compare relationships in the real estate market related to the sale and rental of hard , but still some fundamental provisions it is proposed to adopt the contract of sale.

As a General rule, the relationship of tenant – landlord law is largely written to protect the tenant, but the landlord may also be in quite a vulnerable position. For example, when he’s only got one property, taken out a mortgage and tenant is unable to pay the rent. For the landlord in this case must be guaranteed to be possible output from an unpleasant situation with minimum losses. Everything is to be provided for in a new contract.

® Alice Morgan 13.05.2014 g.

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