PM Flashcards
Offer
A mutual agreement put forward by one party. e.g. £895pcm for 12 months.
Consideration
What each party provides from the agreement. e.g. landlord provide tenant right to live in property.
Certainty of terms
agreement must be complete and all parties to be able to understand and interpret the terms
How does contract law relate to my job
i sent tenancy agreements for assured shorthold tenancies and often have to answer questions. Client also started doing company lets so I had to look into that.
Codes of practice
Governance and financial viability
value for money
tenant satisfaction measures
electrical safety standard
home standard
Importance/Consequences: legal and tenant wellbeing. damage reputation/property seizure.
Governance and financial viability
is the company financially viable, and how well is it run?
Value for money
how does the company make use of its resources and do the findings show it uses them to meet the objectives
Tenant satisfaction measures
requires all registered providers of social housing to report once a year on their performance around repairs and compliance.
Electrical safety standards
Landlords to ensure electrical installations in their properties are safe and well maintained.
Home standard
focuses on the quality of the home. social landlords
Legislation
Homes fit for habitation act
TDS under the housing act
Electrical safety standard
Gas safety regulations
Fire safety order
Legal/ethical/reputational importance. Regulated through routine audits
Homes fit for habitation act
ensure the home is free from serious harm
TDS
protect deposits in a government approved scheme within 30 days and provide prescribed info. regulated by UK government.
Electrical safety standards
All electrical installations are safe. regulated by local housing authorities to prevent electrical fire/hazards.
Gas safety legislation
all gas appliances to be inspected and well maintained. tenants to be provided with GSC. regulated via UK government via gas safe register.