UK Landlord Forum / Life

Hello there,

I am renting out a flat with 5 bedrooms and I have 5 separate tenants, each with a separate contract. I have used a simple month to month rolling contract, with a 4 months minimum stay and a 5-week notice from both parties.

I have read that being an HMO (House in Multiple Occupation) property the contract is not an AST but a Bare Contractual Tenancy Agreement, and that this does not require the deposit to be protected into the scheme.
A Bare Contractual Tenancy is described as when you rent a property where the combined rent is over 25,000 per year: http://www.findlaw.co.uk/law/property/tenant_rights/8872.html

Could someone let me know if this is correct, as I am serving notice to the tenants with a 2-month notice, and I would like them to leave without grounds for arguing.

Thank you very much!

Ibsicus

Is the rent over 25k per annum?

Hello Riptide,
Yes, the whole rent of the property (considering the rents from the 5 tenants) is well above £25K.

Thank you,

Ibiscus

Take a look at this...

https://www.depositprotection.com/legislation

...the point being the £25,000 limit for ASTs was raised (years ago, I believe) to £100,000.