From 1st October 2010 the upper limit for tenancies that can be assured tenancies will increase from £25,000 to £100,000.
This is likely to have the effect that a good number of tenancies that would previously have been “common law” tenancies will now be assured tenancies. The knock on effect is likely to be seen most keenly in tenancies that are granted as Assured Shorthold Tenancies that would previously have been common law tenancies, as the method of seeking possession will change, and there will be a requirement that any deposits be protected pursuant to the Housing Act 2004. The amendment will affect existing tenancies as well as new tenancies. Whether or not this results in issues relating either to deposit protection or claims for possession remains to be seen.
/ 23rd Jun 2013
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