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The main characteristics of a service occupancy are that the occupation of the property is closely linked to the occupier’s employment, they have a personal licence to occupy for so long as they are employed by the employer and that the service occupancy terminates automatically when the employment contract ends.
Propertymark has supported the Welsh Government’s proposals to exempt hotels and bed and breakfast accommodation used for local authority homelessness purposes from occupational contracts as part of the Renting Homes (Wales) Act 2016.
With confusion among agents and overwhelming some landlords, Propertymark believes the regulation will become easier to follow, however, it remains to be seen if the changes across Wales will impact the supply of rented property and potentially change the types of landlords willing to invest.
The Renting Homes (Wales) Act 2016 brings together several complex pieces of legislation into a single legal framework. We worked closely with the Welsh Government to help agents prepare and have produced the new Model Occupation Contracts, which Rent Smart Wales has also reviewed.