Landlords and investors with property to let in Sutton should be made aware of the result of a recent case regarding tenant's deposits. The Court of Appeal’s decision that rent paid in advance does not count as a deposit, in the long-running case of Johnson v Old, will bring much welcomed relief to hundreds of landlords throughout the country.
The tenant, who was asked for six months rent in advance, because she did not have a set income (also common practice when tenants fail a credit check), had tried to dispute a Section 21 notice claiming the advanced rent was in fact a deposit.
The court however ruled that there was a distinction between rent paid in advance and a deposit.
Martin and Co letting agents in Sutton are experts when it comes to dealing with deposits or any other issues concerning renting property.
Give us a call now on 020 8337 9647 or email email@example.com