The Department for Communities and Local Government has published new Guidance to the Mortgage Repossessions (Protection of Tenants etc) Act 2010 (MRPTA).
The growth in the letting of property and the effects of the recession have resulted in an increase in the number of evictions of unauthorised tenants. As a consequence, the previous Labour Government introduced the MRPTA 2010, which came fully into force on 1 October 2010, in order to protect residential tenants by ensuring that they are entitled to a reasonable period of notice to leave a property if their landlord is repossessed
In short, the MRPTA 2010:
1. Gives courts the power to postpone a possession order for up to two months (thus allowing tenants the opportunity to find alternative accommodation); and
2. Requires lenders to give notice of the proposed execution of the possession order.
Further comment on the Act is available here.
The Guidance aims to inform lenders, landlords and tenants of their rights and responsibilities under the MRPTA 2010.