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Existing Tenancy / New Periodic Tenancy

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Author Topic: Existing Tenancy / New Periodic Tenancy  (Read 25 times)
Newbie
Posts: 1

I like property

« on: January 12, 2021, 05:01:07 PM »

I have taken over a property that the existing landlord sadly passed away last year. The tenants have been in there since 2009 and I don't think the rent was protected with him.  As they are existing tenants I have signed them over to myself to supersede the existing landlord on a periodic tenancy agreement with their deposit passed over to me (which I will now protect with the DPS under my name). What is the minimum term I can protect their deposit for it to turn into a periodic tenancy? They have been there forever so there was no point in resigning them up to another 6 month fixed term agreement as I believe they would feel 'locked in' for at least six months if they decided to leave before hand.

Thanks
« Last Edit: January 12, 2021, 06:43:33 PM by Peacewind »
Hero Member
Posts: 501

I like property

« Reply #1 on: January 12, 2021, 05:37:31 PM »

I don't understand who you were to these tenant before. They have been "with [you] forever" but you weren't the landlord, but is now somehow?

Deposit protection have absolutely nothing to do with whether the tenancy is a fixed term or periodic. The landlord need to protect the deposit within 30 days of receiving it (and provide the associated prescribed information), and it must remain protected throughout the tenancy. There's nothing stopping you from agreeing a periodic tenancy from the start.
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