In a recent legal case the Court of Appeal has ruled that any rent paid in advance for the tenancy of a property does not count as part of the deposit. This has been a long drawn out case and will bring much welcomed relief to hundreds of landlords up and down the country.
In short the tenant, who was asked for six months rent in advance because she did not have a set income, tried to dispute a Section 21 notice requesting possession of the property on behalf of the landlord, claiming the advanced rent was in fact a deposit and therefore the notice was not valid.
For further information click the links below;
Source Letting Agent Today
http://www.lettingagenttoday.co.uk/news_features/Rent-in-advance-not-a-deposit-Court-of-Appeal-rules
Source Property Reporter
Relief for thousands of landlords thanks to Court of Appeal Rule | News | Property Reporter
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I have been in and around the Hertfordshire property market for over 25 years, starting as an estate agent in the county town of Hertford and now running a successful lettings and property management company based in Stanstead Abbotts. I have let and managed property all over Hertfordshire from the area that I currently work to Wheathampstead where I owned and managed a lettings & estate agents to Watford and surrounding areas where my company acted as a marketing agent for one of the largest property management companies in the country”
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