16:21 PM, 6th June 2014, About 7 years ago 4
We recently had an enquiry where we helped a desperate landlord and wanted us to assist in obtaining vacate possession. The landlord had served a section 21 notice on the tenant, which expired at the end of July, and there was also three months’ rent arrears owing .
The landlord was in the process of selling her flat, had a buyer and was desperate to for the sale to proceed and exchange contracts.
The landlord agreed to pay the tenant £10,000 to vacate the property immediately and agreed to write off the three months’ rent arrears. Of course the tenant accepted and yesterday one of my staff attended the property with the landlord, to meet the tenant and arrange for the tenant to sign a Deed of Surrender we drafted and the transfer of £10,000 to the tenant.
We had to stay at the property for a while to make sure the tenant took all his belongings, then after the locks were changed and the landlord had vacant possession.
I believe the landlord exchanged contracts today.
I suppose in a very buoyant London house market the landlord did not want to take the risk of losing the sale and being stuck with a tenant for another five months.
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