Cladding Remediation: Cost of alternative accommodation?Make Text Bigger
Sometime in the near future, the remediation of cladding issues will need to take place in several developments in which I own apartments. It is possible that complete external walls may have to be removed, such that my tenants would have to relocate for a period of time.
I want to avoid having to foot the bill to re-house tenants if this situation presents itself.
My initial thoughts are that I should include a clause in any new/renewal AST that would terminate that agreement should the building works mean that the tenant would have to move out – which could be for many months.
After the remediation is complete, we would either offer a new AST to a new tenant, or to the same tenant should they wish to move back. It sounds heartless, I know, but in reality, I just could not afford the cost of alternative accommodation.
What do others think?
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