New Periodic tenancies and deposit rules
I have a 1 year AST about to expire on which I hold a 6 week rental deposit. If that drops onto a periodic tenancy do I have to return 1 weeks deposit? I presume if I put another new AST in place (with the existing tenants) then I definitely have to return 1 weeks deposit. So wondering if letting it go periodic is better from a deposit perspective. 2nd question is that I also have properties that have been on periodics since way before June 19. Similarly with 6 weeks deposit. Do I need to return 1 weeks on those? My reading is I don't?
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