The Office for the Environment and Infrastructure recently announced that a new deposit protection scheme will be planned before the end of 2018. The announcement follows news that a local estate agent has ceased trading, leaving some tenants and landlords uncertain of their position with regard to rents and deposits that were being held by that agent. The proposal is likely to be that Guernsey should introduce a similar, if not identical, scheme to that already in place in Jersey.
At first glance, Guernsey leases appear to be virtually identical to UK leases. The style, content and format are strikingly similar and it is obvious that the form of lease used in Guernsey draws heavily on that used in the United Kingdom. However, there are several important distinctions between the two that could easily catch one out.