PDA

View Full Version : Tenancy by Deed



vanandmatt
28-04-2008, 13:28 PM
I understand that if an assured shorthold tenancy is for a period over 3 years - it has to be made by deed - does this also apply to Contractual tenancies (rent over £25,000 per annum)?

Thank you

PaulF
28-04-2008, 13:35 PM
Only if it is for more than three years.

jeffrey
28-04-2008, 14:26 PM
I understand that if an assured shorthold tenancy is for a period over 3 years - it has to be made by deed - does this also apply to Contractual tenancies (rent over £25,000 per annum)?

Thank you

Yes, as Paul_f says.
It's not because of the Housing Act 1988 but, rather, because of s.54(2) of Law of Property Act 1925- applies to all leases/tenancies:
a. at best rent reasonably obtainable; and
b. not at a 'fine' which -for practical purposes- means that the lease does not involve a premium (purchase price) or similar payment.