There has recently been some debate surrounding rent paid in advance, it has been ruled by the court of appeal that rent taken in advance does not count as a deposit and therefore will not require protection under the rules of the Housing Act 2004.
“The judgement in this Court of Appeal case should assist those landlords and agents who want to ask for rent in advance and who can be reassured that this is not a tenancy deposit that needs protecting under the Housing Act 2004.”
For the full story check out:
http://www.lettingagenttoday.co.uk/news_features/Rent-in-advance-not-a-deposit-Court-of-Appeal-rules
Let. us do all the work!
Belvoir
West Derby
