What's the difference between tenancy based on Housing Act 1988 (secion 20 & 21) versus Law of P
Advice needed please!
I currently rent my property to a property management company who guarantees my rental whether occupied or not. I've used them for a couple of years and they (not myself) are responsible for drafting the tenancy agreement. Previously this was an Assured Shorthold Tenancy agreement based on the Housing Act 1988 (section 20 & 21), however for this year's renewal they have changed it to a Corporate Shorthold Tenancy Agreement based on the Law of Property Act 1925 (section 146). Please could someone advise me of the implications to me of signing a tenancy with a company that does corporate lets based on this new arrangement.
Your advice is most welcome.
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