Break clause taken up by one sharer?Make Text Bigger
I have a property which is let on a 12 month AST jointly to 3 sharers. All are named on the tenancy agreement and are specifically jointly and severally liable for rent, compliance with terms of the lease, etc.
The break clause, which can be exercised after 6 months is written as follows “….that either party may invoke this break clause by providing a minimum of 2 months written notice.”
Does this effectively end the tenancy agreement for the other 2 parties as well? The clause seems, in hindsight, to be badly written.
As the market has improved round here we are minded to revert to a family letting (less rent but less hassle) but do we need to give 2 months notice to the 2 remaining tenants followed up by a Section 21 notice if necessary or can we go straight to a Section 21 without waiting the additional 2 months i.e. does the Notice act as 2 months written notice in accordance with the lease?
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