As many as one in ten private landlords have no formal tenancy agreement in place with their tenants, according to new research by Direct Line for Business.
Worryingly, the research also found that where contracts are in place, landlords may unwittingly be asking tenants to sign documents that are not legally compliant. Of the landlords who don’t use a letting agent, 58% used adapted tenancy agreements from either old agent contracts or other landlords (38%) or an updated template they found online (20%).