Francis v UK Housing Alliance (North West) Ltd  EWCA Civ 117
Lord Neuberger MR, Longmore LJ, Smith LJ
A sale and rent back scheme is one in which a home-owner (who is usually someone facing financial difficulties) sells his property to a third party on terms that permit him to remain in occupation as an assured shorthold tenant. Prior to July 1, 2009, such schemes were not subject to any discrete legal regulation although they now fall within the remit of the Financial Services Authority (Regulating Sale and Rent Back: an interim regime, FSA, February 2009).
Where a deposit is paid in respect of an assured shorthold tenancy, the landlord (or any person acting on his behalf (s.212(9), Housing Act 2004) must arrange for it to be protected in accordance with ... Please login or signup to continue reading this content