Jump to content

Tenancy Deposit


Recommended Posts

Hello I'm new to the forum, and wondered if any one can help.

I have two HMO properties, one of which the rent amounts to over £26,000 and therefore does not fall within the new deposit legislation and is let by general agreement.

The other property is let for 12 months with a summer concession which means the annual rent is less than £25,000 which should bring it within the rules of the new deposit legislation, however the weekly rent for 10 months amounts to £520 pw the other 2 months are half rent of £260 pw.

The rules of the tenancy deposit say if it is over £500 pw or £25,000 pa it is exempt.

Does anyone know which contract I should use for the 2nd property, assured shorthold or general agreement?

Thanks in advance


Link to comment
Share on other sites


This topic is now archived and is closed to further replies.

  • Create New...