Hello, I need help and advice, please. I am a landlord and the first 2 years with my tenant, we had an AST and the deposit was protected, but at the end of the second year we agreed to get the lease between us as “Rolling Contract” or [periodic rental, as I know now], how the tenant was not sure to stay or any future plan Etc. Suffice it to say that I expired the protection of deposits and that the periodic lease lasted 2 more years! The relationship with the tenant was quite correct for the 4 years and even until the exit, a notification of several months was given by the tenant the exit obligations were honored, etc. on both sides and the deposit was returned in its entirety , although I mentioned that I had expired the protection of deposits , still no problem. Now 10 weeks later, I get a letter before the action [Model] failure to protect the down payment for the rest of the year and pursues me up to 1 to 3 times the amount of the deposit!………… Where am I now? Much appreciated advice as quickly as possible. If the lease became periodic after April 5, 2007 and before October 1, 2015, then the approach is the same, but you were obliged to protect the down payment and you may be open to penalties if you do not protect the deposit. It can be a periodic rental contract in three ways: I received the terms and conditions and by reading, I think the real estate agent covered all angles, so I will be forced to pay them (ad infinitum it seems, there is no end to) commission by any modification of a rental contract that arises from it. Unfortunately. I find it impossible to cut it and insert it, so I`ll type it word for word for you, omit the names of the realtors and replace it with (X). If you think there is an exit clause somewhere or a way to stop subsequent payment, then share. Thank you very much.
1) If the term is repeated in the form of “X months, then monthly,” the lease is continued. 2) If the term is in the form of “X months”, the lease expires at the end of the period and becomes either a new legal term lease (if no new contract is signed), or a new lease 9 when a new contract is signed). This also applies if you don`t have a written agreement and your lease is still running. If you do not sign a new fixed-term contract, the lease becomes by default a legal term lease. Your landlord may not require you to have another fixed term, but she can terminate the lease with a two-month delay via section 21, so it`s really only a question of whether you`re willing to take the risk of having to find something new in the relatively short term if the landlord gets the bump and decides to replace you sooner rather than later with a longer-term tenant. Additional terms and conditions may be included and the agreement must comply with the Residential Tenancies Act 1997. This type of periodic rental is called periodic “legal rent” – because it was created by law, that is, Section 5 of the Housing Act 1988.