Hi,
I gave my tenant notice that i intend to sell the property per the RTB guidelines. I explained that the mortgage cost has gone up 384 per month but the most i could increase it was 52 per mth per RTB caalculator and so it has become unaffordable and the hassle as well. The tenant has offered to pay more than the 52 per month and i would probably accept their offer but I think i would be breaking the rules (the law) and so I think i have to refuse. Is my reading of this correct in that there is nothing the tenant can do here as i have to comply with the rules and this sell the property is the only option available.
K
I gave my tenant notice that i intend to sell the property per the RTB guidelines. I explained that the mortgage cost has gone up 384 per month but the most i could increase it was 52 per mth per RTB caalculator and so it has become unaffordable and the hassle as well. The tenant has offered to pay more than the 52 per month and i would probably accept their offer but I think i would be breaking the rules (the law) and so I think i have to refuse. Is my reading of this correct in that there is nothing the tenant can do here as i have to comply with the rules and this sell the property is the only option available.
K