Notice period when selling

Discussion in 'Property investment and tenants' rights' started by cian8, May 15, 2018.

  1. cian8

    cian8 Frequent Poster

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    Our landlord has put the house we are renting up for sale. We have been tenants since Oct 2013. Is there a straightforward answer to how long notice period we are entitled to?

    My understanding (from brief research) is we would be entitled to four months notice. However the lease is more complicated on notice period. Also, when the house is sold does the new owner inherit the remainder of the notice period (if it comes to that)?

    We intend to move out as soon as we find a suitable alternative (actively looking at the moment) but there is not much availablity in the area so we just want to know where we stand in terms of notice.

    Thank you in advance for your help.
     
  2. mf1

    mf1 Frequent Poster

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  3. facetious

    facetious Frequent Poster

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    The statute law on notice periods overrides any lease agreement clause, therefore it should not be complicated.

    mf has given the statute law notice periods.
     
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  4. Leo

    Leo Moderator

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    Most purchasers would want to avoid the unknowns of that scenario and would not complete the purchase until vacant possession can be secured.
     
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  5. Seagull

    Seagull Frequent Poster

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    Most mortgage providers insist on vacant possession before allowing draw down, so it's only really cash buyers who would be in the position to complete with tenants in place.
     
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  6. cian8

    cian8 Frequent Poster

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    Thanks all. That makes things clearer. Just did not want to be surprised with shorter than expected notice period!