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property ‘in a tenant-link manner’, then you can still issue a section 21 notice. The other exemptions
do not benefit a Build to Rent Client.

9.8.6 When to serve S21 Notices

Under section 36 of the Deregulation Act, section 21 notices are now no longer indefinite; if possession
is desired proceedings must begin within six months of serving notice. Section 21 are now in prescribed
form: http://www.legislation.gov.uk/ukpga/Geo5/15-16/20/section/101

9.9 Contracts & Operational responsibilities
There are no direct precedents for the Build to Rent contract suite which draws components from the
hotel operator, serviced apartments, facilities management, service charge management and lettings
management sectors. Some headlines are illustrated below and over the next few pages is a summary
of operational responsibilities this is a piece of work that sits behind drafting the contract suite. The
contract suite for each Client depends on whether long term owner operation/management is
intended, for this reason contracts should to be modular form. Typical splits of functions and what can
be outsourced are shown below:

‘In-house‘ is where the Landlord self manages the facilities, service charge and rentals management’ under
a single brand in the way some landlord always have,

‘Full Out-source‘ is where the Landlord/Asset Manager outsources it all: and any 3rd party Lettings Agents
report to the Out-source Agent who in turn provides high level financial reporting to the Landlord’s Asset
Manager and assumes the reputational risk by employing staff;
‘Hybrid’ can be 1,2,or 3 of the 4 elements above, all 4 elements would be full outsource OR a menu of
consultancy/support services so the Operator compliments the Landlord’s own infrastructure and
supporting them with operational knowledge to assure delivery. Examples might include:

9.9.1 Ringley Law (our Solicitors practice) have experience in drafting the suite of agreements and duty of care
deeds required for specific funders and/or external bankers.

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