My tenants and I have agreed that their rent is to be increased. Does this effect the deposit lodged with the DPS which is currently equivalent to one month’s rent or should I ask the tenants for a one-off payment to top up the amount of deposit held? I am happy to leave the deposit as it is as the rent increase is minimal. Is this ok?. If I have to increase the deposit, would I need to reissue the Prescribed Information?
Changing the Rent (England)
My tenants have agreed to a rent increase.
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