For many years, some leases and letting adverts have included blanket restrictions like “No DSS,” “No tenants on benefits,” or “No children.” These phrases were once common in the private rented sector, but they’ve increasingly been seen as discriminatory and unfair. With the Renters Rights Bill these kinds of restrictions are set to become history. But what happens if your lease still contains a covenant that prevents sub-letting to tenants who receive benefits?
A Director of a Residents Management Company has the same legal and statutory responsibilities of any Director of a Limited Company (as well as responsibility for a range of Operational matters for their Block or Estate). As a Director you may be fined, prosecuted or disqualified if you don’t meet your responsibilities as a Company Director, so to help you avoid this here is part 1 of our guide to what these responsibilities are and how to ensure the best results when undertaking them.