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Plans to raise AST threshold definitely going ahead

11 June 2010
Written by rosalind renshaw

Letting agents are warned that plans to increase the rent threshold of ASTs are definitely going ahead, the Government confirmed yesterday.

It moved to quell rumours that the move has been abandoned.

It will mean that compulsory tenancy deposit protection will be extended to properties with an annual rent of up to £100,000.

The Statutory Instrument raising the threshold, ‘The Assured Tenancies (Amendment) (England) Order 2010 - SI 2010 No. 908’, will come into effect on October 1.

This will apply to all existing and new tenancies, said CLG.

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