Common use of TWO MAIN ROLES Clause in Contracts

TWO MAIN ROLES.  To protect deposits.  To help resolve disputes about deposits. WHAT IS TENANCY DEPOSIT PROTECTION? Tenancydeposit protection applies to all deposits for Assured Shorthold tenancies that Started in England or Wales on or after 6 April 2007. By law, a landlord or agent who receives a deposit for such a tenancy must protect the deposit. Most residential tenancies in the private rented sector are Assured Shorthold tenancies, with some exceptions. For example, a tenancy cannot be an Assured Shorthold tenancy if:  the tenant is a company;  the rent is more than £100,000 a year;  the tenancy is for a holiday let; or  a university or college rents the accommodation to its students.

TWO MAIN ROLES.  To protect deposits.  To help resolve disputes about deposits. WHAT IS TENANCY DEPOSIT PROTECTION? Tenancydeposit Tenancy deposit protection applies to all deposits for Assured Shorthold tenancies that Started in England or Wales on or after 6 April 2007. By law, a landlord or agent who receives a deposit for such a tenancy must protect the deposit. Most residential tenancies in the private rented sector are Assured Shorthold tenancies, with some exceptions. For example, a tenancy cannot be an Assured Shorthold tenancy if:  the tenant is a company;  the rent is more than £100,000 a year;  the tenancy is for a holiday let; or  a university or college rents the accommodation to its students.

TWO MAIN ROLES.  To protect deposits.  • To help resolve disputes about deposits. WHAT IS TENANCY DEPOSIT PROTECTION? Tenancydeposit Tenancy deposit protection applies to all deposits for Assured Shorthold tenancies that Started in England or Wales on or after 6 April 2007. By law, a landlord or agent who receives a deposit for such a tenancy must protect the deposit. Most residential tenancies in the private rented sector are Assured Shorthold tenancies, with some exceptions. For example, a tenancy cannot be an Assured Shorthold tenancy if:  • the tenant is a company;  • the rent is more than £100,000 a year;  • the tenancy is for a holiday let; or  • a university or college rents the accommodation to its students.