TDS Question Resident Landlord

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    TDS Question Resident Landlord

    I have registered with the free DPS, my question is I'm sure I read somewhere one exception was resident landlords did I imagine it ? as I can find no reference anywhere now.

    Silly me forgot log in name and had to register again.
    Phil

    #2
    Originally posted by smokie View Post
    I have registered with the free DPS, my question is I'm sure I read somewhere one exception was resident landlords did I imagine it ? as I can find no reference anywhere now.

    Silly me forgot log in name and had to register again.
    Phil
    Resident L means not an AST so TDS n/a.
    JEFFREY SHAW, solicitor [and Topic Expert], Nether Edge Law*
    1. Public advice is believed accurate, but I accept no legal responsibility except to direct-paying private clients.
    2. Telephone advice: see http://www.landlordzone.co.uk/forums/showthread.php?t=34638.
    3. For paid advice about conveyancing/leaseholds/L&T, contact me* and become a private client.
    4. *- Contact info: click on my name (blue-highlight link).

    Comment


      #3
      jeffrey, thanks for your reply, please could you expand more, I have converted bunaglow divided into 5 flats, I live in one, am I classed as a resident landlord and should not be using AST's ?, 3 flats (inc mine) have shared access, other 2 have separate independent access.

      If not AST what should I be using ?
      Phil

      Comment


        #4
        Originally posted by smokie View Post
        jeffrey, thanks for your reply, please could you expand more, I have converted bunaglow divided into 5 flats, I live in one, am I classed as a resident landlord and should not be using AST's ?, 3 flats (inc mine) have shared access, other 2 have separate independent access.

        If not AST what should I be using ?
        Phil

        Is each flat self-contained with it's own bathroom & kitchen? Is the only shared facility the access? If the answer to these two questions is yes, then you can use AST's.

        J

        Comment


          #5
          Yes, Joannepowell, shared access plus all have access to the Washing machine, all have own kit/bathroom etc, does this mean I'm not a resident landlord, its very confusing as I've searched, even the links I have followed state its not clear cut
          Phil

          Comment


            #6
            You are definitely a resident landlord - tenancy deposit scheme does not apply unless you use ASTs (inadvisable anyway as there are some shared facilities). Use a licence agreement for each occupant and you can take and hold a deposit without fear or favour.
            The advice I give should not be construed as a definitive answer, and is without prejudice or liability. You are advised to consult a specialist solicitor or other person of equal legal standing.

            Comment


              #7
              Thankyou Paul_f, for your advice, been using AST's for 11 years, you live and learn, off to read up on licence agreements
              Phil

              Comment

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