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Digital Subscriptions > The Oban Times & Lochaber Times > 30th November 2017 > New tenancy option opens today

New tenancy option opens today

THE NFU Scotland is reminding its tenant and landlord members that the new Modern Limited Duration Tenancy (MLDT) comes into force from today (Thursday November 30).

The new type of tenancy was included in the Land Reform (Scotland) Act 2016, and replaces the Limited Duration Tenancy (LDT) option, which has been available since 2003.

The new MLDT has a minimum term of 10 years’ duration. However, tenants and landlords looking for a shorter term let will be able to continue using the Short-Limited Duration Tenancy (SLDT) option. Existing LDTs will continue unaffected until their term date.

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