Taking over a Tenancy
Tax Planning and Financial

3L
3L
0 Thanks
7 Posts
14 years ago
0
I am buying a property that is split into 2 flats, both with AST tenants. One of the tenancies commenced 04/03/06 (pre deposit legislation) and the other 21/04/07 (post deposit legislation). The current Landlord did not lodge the deposit for the recent tenancy with a recognised scheme due to the imminent sale.

My questions are:
-Should I provide new tenancy agreements (&lodge the deposits) and what are the positives and negatives of this?
-Will the fact that the previous landlord did not lodge the deposit affect my legal position?

Thanks.

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