westjo9 Posted January 22, 2008 Report Share Posted January 22, 2008 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 K Link to comment Share on other sites More sharing options...
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