No Deposit Rent in Advance Replacement Front Page

NO LONGER REQUIRED!  Now built into our Tenancy Builder .

Where a landlord takes from a tenant a number of months rent in advance, commonly six months rent, the court has held that money taken in advance like that is in fact a deposit. However, this is easily avoidable by altering the tenancy agreement accordingly.

Description

Product Code: F066

NO LONGER REQUIRED!  Now built into our Tenancy Builder .

Where a landlord takes from a tenant a number of months rent in advance, commonly six months rent, it’s possible that the rent in advance could be considered a deposit. Where the tenancy stipulates an amount to be rent in advance (such as six months rent for example) and where the amount paid was truly rent in advance, the court has held this will not be a deposit.

This page is a replacement front page for our No Deposit assured shorthold tenancy agreement allowing a landlord to safely accept six months rent in advance (or other sum) and not have to protect the rent element.

This template is in Word format and contains a sample completed page.

Version history

Current version 05/13

05/13 – Slightly modified front page to replicate new version of tenancy agreements.

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