increase in rent, date of change to DPS
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.
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