We have a long term tenant which, for historical reasons, pays rent inclusive of electric, gas, water and council tax. The rent has periodically increased to take into account of increasing utility/CT costs (last increase 2 years ago).
Tenancy agreement is not a Guild agreement, and the tenancy is statutory periodic.
We now wish to change the terms of the tenancy so that the tenant pays their own bills, and reduce the rent accordingly. We will look to agree a new tenancy agreement with the tenant based on the new terms (and using the Guild’s TA).
There is a deposit protected in the DPS Custodial scheme (under the original letting agent’s account).
Do we need to issue new deposit prescribed information with the new tenancy, and is the fact that the deposit is under the letting agent’s DPS account an issue?
Is there anything else we need to consider?
Thanks in advance!