The tenancy trail
Answer
Like company lets, resident landlord lets and holiday lets, these are all situations where the tenancy will be a common law ‘unregulated’ tenancy and not an assured or an assured shorthold tenancy.
Landlord Law members can read about common law tenancies here.
Note that the ‘high rent’ figure of £100,000 was imposed in December 2010 and now applies to all tenancies. Before that the figure was £25,000.