CPS Homes

Important changes to deposit protection legislation

The Government has decided that from 1st December 2011, the annual rent threshold for when a tenancy is an assured shorthold tenancy will increase from £25,000 to £100,000 in Wales.

In short, this change means that any tenancy with an annual rent of between £25,000 and £100,00 will become an AST overnight and landlords and tenants will no longer be able to negotiate individual terms for their tenancy.

Instead, the rights and responsibilities associated with the Housing Act 1988 will be extended to these higher rent properties. additionally, all deposits taken for these tenancies will need to be protected and procedure for evicting tenants will be as is laid out in the aforementioned Housing Act.

05 October 2011

The information contained within this article was correct at the date of publishing and is not guaranteed to remain correct in the present day.

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