I have agreed to Voluntary Surrender a Buy-to-let which has tenants in place. It must be surrendered with vacant possession.
Tenants are in place for 20 months with 4 months left on a fixed term lease, i.e. they rented first year on a 12 month lease, then renewed for a further 12 months.
I have been reluctant to issue a Termination Notice in case it might be deemed invalid.
I know one of the reasons for issuing a Termination Notice is if the property is to be sold within the next 3 months. Obviously I am not selling the house as such but I am transferring it to the bank and then the bank will sell it. My question is - does this scenario entitle me to issue a Termination Notice with reason that the house is to be sold ?
Any advice will be appreciated.
Tenants are in place for 20 months with 4 months left on a fixed term lease, i.e. they rented first year on a 12 month lease, then renewed for a further 12 months.
I have been reluctant to issue a Termination Notice in case it might be deemed invalid.
I know one of the reasons for issuing a Termination Notice is if the property is to be sold within the next 3 months. Obviously I am not selling the house as such but I am transferring it to the bank and then the bank will sell it. My question is - does this scenario entitle me to issue a Termination Notice with reason that the house is to be sold ?
Any advice will be appreciated.