Spt Tenancy Agreement

Hello, I need help and please. I am a landlord and the first 2 years with my tenant we had an AST and the deposit was protected, but at the end of the second year we agreed to let the lease run between us in the form of a “rollover contract” or [periodic lease, as I know now], because the tenant was not sure if he was going to stay or any future project, etc. Suffice it to say that I expired the deposit guarantee and the periodic lease lasted two more years! The relationship with the tenant was quite correct during the 4 years and even until departure, a notice of several months was given by the tenant, the exit obligations were all fulfilled on both sides, etc. and the deposit was fully refunded [£1400], although I mentioned that I had expired the deposit protection, still no problems. Now, 10 weeks later, I receive a letter before the action [presentation] in which I affirm that I did not protect the deposit for the remaining year/years and that I followed myself up to 1-3 times the amount of the deposit!………. Where am I? Advice appreciated as quickly as possible. It starts with the start of your periodic lease and is not always the same as the date you pay the rent. It`s always best to communicate your plans with the owner and not just jump on him! We always recommend reciprocal agreements whenever possible, as these work best for both parties. The rental agreement is considered a secure void and became periodic before April 6, 2007. In addition, rental agents are often interested in extending leases, which triggers their right to a “renewal tax”.

Don`t be convinced. If the circumstances of your lease are such that the more flexible periodic lease is preferable, you should accept it. They do not have the absolute right to a renewal tax, even if they want to! Landlords should keep in mind that new laws often talk about creating “new” rental agreements, which often includes legal periodic rentals. Therefore, landlords who use legal periodic rentals may find that they have to comply with new laws earlier than a periodic rental agreement. The first thing to do is to read your lease to see if there is a clause that details the periodic lease. If you do, it will normally be a periodic rental agreement. Some landlords prefer the flexibility of a periodic lease that allows them to repossess the property by dismissing the tenant two months in advance on section 21 notice. It also avoids recreating paperwork and perhaps being charged by a rental agent for the “problem” of processing data on the lease and pressing the “Print” button on the computer. Landlords in England should be required to serve tenants with a government-published “How to Rent” guide for tenants at the beginning of the lease. . . .

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