My company is buying 3 HMOs – How do I deal with ASTs and rent increases?Make Text Bigger
I would appreciate any sound advice.
My company is buying 3 HMO’s, in total 18 rooms/tenants in Crawley.
The current owner has/had given all tenants a 12 month AST, and all have differing dates.(per when issued etc..)
Do I as the new owner (my co actually) need to issue new AST’s or do the old ones just carry on ??? Any advice on what legal steps I need to take??
I also wanted to increase the rents £25 PCM by the way !! Possible??
Appreciate advice from the P118 community
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