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[Closed] Tenancy advice? Landlady selling flat during tenancy agreement

scott_mcavennie2 · 2016-02-08T19:19:46Z

Due to a mixture of having kids before saving up a deposit, and religiously following the n+1 rule, we live in rented accommodation. We'd been looking for a bigger place for a while and in December we moved into a nice maisonette - just up the road from the kids school, a large garden, in a quiet road, overlooking Richmond Park. The landlady wanted a family in who would treat the place like their own and we happily signed up to a 3 year tenancy. The place ticked all our boxes and more. Was a little surprised to have the letting agency phone up this morning to say that she had found the house of her dreams and so wanted to sell the flat to an investor quickly, with us as tenants. I was asked if we would allow investors to view, which I did, and the letting agent explained that our tenancy was safe. I know there are a few landlords and tenants on here, so just wanted to ask your opinions - are we safe under an agreement, or should we be worried?

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poolman

Posts: 3048

Free Member

Sorry me again I just thought if an investor wants to buy your flat then if they want a mortgage then the lender usually wants vacant posession, which they wont get as u r midway through a 3 year ast with no break clause.So Its really down to any break clause in yr ast. deffo stay put you may get bought out, sadly doesnt provide a home but sweetens any move. Good luck

Posted : 10/02/2016 10:45 pm

toys192

Posts: 0

Free Member

lender usually wants vacant posession,

The last 2 BTLS I bought wanted this, I can't remember the others as it was 20 years ago.

Posted : 10/02/2016 10:54 pm

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