AST/Deposits scheme with Student Lets > 25,000 per annum

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D
Digz
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I have a 7 bed licensed student let with total Rental income of over 30,000 per annum. Bills are inlcuded within this but the rental income alone is still above 25k. Single Tenancy agreement, jointly and severally, deposit held as one.

Q1. Am I right in thinking I cannot use an AST if rent is over 25k?

Q2. Is this therefore exempt from the Tenancy Deposit Scheme?

Q3. What sort of Tenancy Agreement Should I be using and is there an example online?

thanks

kind regards

25/06/2007 00:00

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