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Question Title: High Rents
| Question: 217 |
| I am in the process of setting up an agreement where the rent will exceed the £25,000 assured shorthold upper limit. How should I go about setting up this sort of tenancy and what are the implications of this for the landlord ? |
| Answer: |
| Tenancies where the annual rent is greater than £25,000 cannot be assured or an assured shorthold tenancy under the Housing Act 1988. It is to be noted that the £25,000 figure is annualised and therefore if the proportional monthly rent is more than £2083.33 per month for a shorter term (e.g. only six months), the letting is still outside the Housing Act.
The tenancy will simply be of a contractual nature between landlord and tenant with few statutory provisions. You could use a General Tenancy Agreement (Letting Centre Form A01) or an equivalent agreement. No section 21 need be served and the common law provisions for recovery of possession will apply. The tenant(s) will have no rights of tenure beyond the term of the tenancy. |
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References:
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Pages:
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Hyperlinks:
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Letting Handbook |
6-10 |
letting-handbook-and-factsheets.html
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For more information, discuss on the Forum
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