Non Housing Act 1988 And Rent Act 1977 Flashcards
Lettings to company -
Lease to company is not covered by housing act 1988
Company is :
Ltd , plc or llp - limited liability parhershop
If it’s just partnerships u need to sign ASTs
Holiday let’s To be able to qualify for holiday let’s what’s criteria have to be fulfilled for tax purposes
Available 210 days
Actually let for at least 105 days
For at least 7 months of the year not occupied for more than 31 days by the same person
occupier will have license n lease
Lettings by resident landlords
It’s landlords only and principal home
Landlord lives in another part of property
Propert is only or main principal home
If you convert house and create two separate units you are resident landlord
Even if you buy two converted flats but originally they were 1 house you are resident landlord
If landlord is resident landlord but occupier has self contained flat he has lease but not under housing act
If it’s just room rented it’s licensee
Rents over 10 k a year
Must be pure rent - no gardener and housekeeper included
Premium leases
Money is paid in advance Terminology lease lessor lessee No break clause No refund Nominal rent generally £1 or £10 peppercorn rent Premium lease has tax advantage Generally over 2 years
Agricultural tenancies types
Assured agricultural occupancy under sec 24
AAOs: under section 24 of housing act 1988
Others are service tenancies this is license
Other non housing act 1988 tenancies
Let’s to students by educational institutions
Rents less than £250 per year or less that £1000 per year in greaterlondon
Lettings by crown landlords
Lettings by local authorities
Business tenancies
Lettings by local business - be covered by housing act 1985
Business tenancy - landlord and tenant act 1954
Disadvantage if 1977 act
Continued fir unlimited time
Rent were controlled and below market
Raised on my every two years
Succession rights
Rent act 1999
Limits rent to 7.5 on guest rent registration and 5% every year plus inflation