Deposit Protection for a company let

Deposit Protection for a company let

9:05 AM, 6th October 2015, About 9 years ago 4

Text Size

Does anyone know if there is a requirement to protect deposits taken for a company let? All the literature that I have come across refers only to ASTs.company lets

Thanks

regards

Chris


Share This Article


Comments

Neil Patterson

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

9:09 AM, 6th October 2015, About 9 years ago

I don't believe we have actually had this question before so for reference from the DPS site >> https://www.depositprotection.com/legislation

Who does Tenancy Deposit Protection affect?

The legislation covers virtually all new assured shorthold tenancy contracts used by letting agents and landlords to let a property in England and Wales.

There are some exceptions, and in the following scenarios you won’t need to register a deposit with one of our schemes:

If you're a resident landlord (i.e. you live in the property)
If the tenancy has a rental value of over £100,000 a year
Company lets
Student accommodation let directly by universities or colleges

Chris B

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

9:54 AM, 6th October 2015, About 9 years ago

Hi Neil

Thanks for your response, which is exactly what I wanted to hear!!

rgds

Chris

Tony McVey

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

14:28 PM, 11th October 2015, About 9 years ago

Nor does it apply to assured tenancies.

Imran Patel

Become a Member

If you login or become a member you can view this members profile, comments, posts and send them messages!

Sign Up

1:42 AM, 17th July 2017, About 8 years ago

Old thread so hopefully someone can help. I have recently realised when considering giving notice to a tenant that my agent rented out my property to a Company but they have used an AST. The company is named on the AST. The deposit isn't registered as its a Company let but I've been advised as it was a AST I should have registered the deposit.

Is this correct or have I done the correct thing by not registering the deposit. Totally confused.

Appreciate any feed back.

Thank you.

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Automated Assistant Read More