Protected Tenancies

WHAT ARE PROTECTED TENANCIES?

There are a number of different types of protected tenancies. The main types are listed below:

Regulated Tenancy

A regulated tenancy is where the tenant, usually elderly people, pay a rent well below market levels and have full protection. They cannot be evicted and the rent can only be increased by very small amounts every 2 years.

Life Tenants

A Life Tenancy is very similar to the above but the tenants pay no rent at all. This is normally because they have sold the property on an equity release scheme therefore where an owner of the property will have received a lump sum and are then able to stay in their property for the rest of their life rent free. Sometimes these properties are created from the proceedings of a will.

Assured Tenants

An assured tenant is very similar to a regulated tenant but the tenants pay a market value rent.

Agricultural Tenants

These properties are normally more common in rural areas. The properties are sometimes part of an old landed estate. The tenants pay a low rent and cannot be evicted. The occupancy of the property is generally limited to people involved in agricultural business of some sort. The properties also usually come with land which has the same restrictions on use.

For advice about selling your tenancies or selling your property fast or ground rents for cash or even how to lease back your home when you have sold it, contact our dedicated team to discuss your needs in more detail or simply have your questions answered on 01204 847973.