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Has the rent threshold for Assured Shorthold Tenancies (ASTs) increased?

April 26, 2017assured asts increased rent shorthold tenancies threshold

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Has the rent threshold for Assured Shorthold Tenancies (ASTs) increased?

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Yes. [The Department for] Communities & Local Government (DCLG) raised the upper limit on ASTs in England from a rent of 25,000 per annum to 100,000 with effect from 1 October 2010. To comply with the tenancy deposit protection provisions of the Housing Act 2004, the tenancies affected need to be registered with TDS or another approved tenancy deposit protection scheme. To minimise the prospect of legal action for late registration, DCLG recommend that it is good practice for members to register such deposits with TDS by 1st October 2010. Any new ASTs in England with an annual rent up to 100,000 which commence on or after 1 October must be protected in the same way.