Non Housing Act 1988 And Rent Act 1977 Flashcards

1
Q

Lettings to company -

A

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

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2
Q

Holiday let’s To be able to qualify for holiday let’s what’s criteria have to be fulfilled for tax purposes

A

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

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3
Q

Lettings by resident landlords

A

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

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4
Q

Rents over 10 k a year

A

Must be pure rent - no gardener and housekeeper included

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5
Q

Premium leases

A
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
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6
Q

Agricultural tenancies types

A

Assured agricultural occupancy under sec 24

AAOs: under section 24 of housing act 1988
Others are service tenancies this is license

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7
Q

Other non housing act 1988 tenancies

A

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

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8
Q

Disadvantage if 1977 act

A

Continued fir unlimited time
Rent were controlled and below market
Raised on my every two years
Succession rights

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9
Q

Rent act 1999

A

Limits rent to 7.5 on guest rent registration and 5% every year plus inflation

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