Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
I was in the process of selling a six bed HMO and all the tenants were quite happy to leave. I am rehousing three of them and the other two (one has already left) were looking further afield.
Contracts were due to be exchanged around the second week of September but last Thursday the sale fell through.
I would still like to sell the house and have put it back on the market, but in the meantime have been approached by a friend who has to leave her rented accommodation by the end of August. She is going for an operation second week of September and is in a terrible state worrying about where to go.
My question is: assuming I find another buyer and the sale goes through this time, I am going to have the house for another three months at least. Can I give my friend a three month AST?
Is there such a thing or is it a different animal altogether?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More