Renting is one of the ways to earn an income with a property in London. However, landlords must comprehend the tenancy agreement they have with their tenant to avoid having issues. Understanding your legal obligations and the rights of your tenants will come in handy in case of contract changes. The UK has various categories of tenants, and specific regulations identify each one. A protected tenant is one of the types of tenancy agreements that a landlord has to learn about, but what defines the status of a protected tenant?
What is a Protected Tenant
The easiest way to define a protected tenancy is one that has been in effect before January 1989. You may still be dealing with the original tenant, or it can be an inherited contact. Or maybe you bought a rental property with protected tenants sitting on it. One characteristic is that a tenant will be paying rent to the landlord. One of the rights that protected tenants enjoy is having a rent officer fix the rent. If you are a resident landlord then it does not qualify tenants as protected. A protected tenant does not rely on the landlord for meals or services. It is why staying at a bed, and breakfast or a company rental disqualifies a tenant as protected.
Rights of Protected Tenants
Besides rent control, a protected tenant has a secured tenure. It means that a landlord does not have the right to possess accommodation automatically. The circumstances that allow repossession are very specific such as a tenant accumulating arrears. When under a private tenancy, a family member or relative can take over the agreement upon death or the original holder. Learning about all this will help a London landlord handle their tenants better.