increase in rent, date of change to DPS

You are here : Member Forums Tenancy Deposits increase in rent, date of change to DPS
This topic has been locked as no posts have been made within the last 90 days.
Forum Avatar
Castleby
276 Posts
2 Thanks
Hello Dave,

We have a flat which at the moment is paying a fairly low rent, but have been in for over 5 years and I have their deposit in a separate bank account.

We have informed him that his rent will go up from 310 to 320 as of his next rent payment date of 12th November, he has accepted this new rent and will pay it OK.

My understanding is that I have to protect his deposit in DPS as this is technically a new agreement.

Am I right? If so, when do I have to do this, is is as at 12th November, or can I do it before and state that that is when his new agreement starts?

Am I legally bound to issue a new AST agreement, as he would be quite happy carrying on with the current one.

thank you.

25/10/2008 00:00

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Landlord & Investment Show
Martin Co
Envirovent
Landlord Broadband

Share this page