Tag: Tenancy

Tenancy Deposit – No such thing as too much information

Residential landlords must, where there are Assured Shorthold Tenancies (lettings to individuals with an annual rent of less than £100,000), hold the deposit in a statutory tenancy deposit protection scheme.  This applies to all new deposits held or ASTs entered into on or after 6 April 2007. There are two types of schemes: a custodial …

Tenants fee at 2019 reminder

Since the 1st June 2019 the Tenant Fees Act 2019 prohibits letting fees paid by tenants in the private rental sector and also caps tenancy deposits. The aim is to prevent landlords from charging tenants for anything other than rent, a tenancy deposit and a holding deposit. There are other permitted payments including interest charges, …

A reminder on protected tenancies

  When acting for a landlord or a buyer of a property one must remember to consider the concept of succession. Where a tenant is Rent Act 1977 protected, the landlord may well be burdened with a tenant for a number of years.  It is not uncommon for a buyer to acquire a freehold in …

Rent Reviews: Not to be disregarded

A landlord can only conduct a rent review if there is a rental review provision in the lease. In modern leases, reviews are around every three to five years. Negotiations over rent clauses are crucial because the landlord will have a different objective to the tenant as the provisions often only allow for increases in …