Protecting an old deposit
In March 2006 Tenant A moved out and the Mate asked if he could take over the tenancy with his girlfriend under a new agreement (Tenants C and D) They dealt with the deposit by Tenant C (the mate) paying Tenant A the deposit in full and leaving the money with me to cover the deposit for the new agreement & Tenant A issued a letter to myself to this effect dated 10/04/2006.
The new 6 month AST agreement for the mate and his girlfriend (Tenants C & D) started on 1/04/2006 and was renewed on 01/10/2006 and 01/04/2007 thereafter it became a periodic tenancy and the same tenants are currently still in the property.
I just want to be sure that I have correctly understood the situation regarding protection of this deposit, so am i correct in believing that....
I do not need to protect this deposit as it was received before 6/04/2007 and the last AST started before 6/04/2007.
If I issue a new updated AST (which I plan to do later this year) I will need to protect the deposit at that time.
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