Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 3 weeks ago 48
I own a 1st floor London flat in a 2 story purpose built maisonette in a residential street where the majority of flats are let out. It is share of freehold with a shared garden.
Recently the ground floor flat was sold and the new owner wanted me to exclude my tenants (4 people) from the garden as he wanted to enjoy sole access. I declined as my tenants have cleary rented my property on the basis that they can use the garden but I suggested he might want to buy it from me. Now he is quoting the lease (“… to keep and use the demised premises and all buildings for the time being standing thereon as a private flat and curtilage only in the occupation of one family and for no other purpose”) and insinuating I cannot let the flat out.
Clearly it was rented when he bought his, he knew this and was happy to proceed. The icing on the cake however is his last comment saying that if I effectively give him the garden he doesn’t mind me renting the flat out. So I guess a form of blackmail.
Anyone got any experience that may help here?
Clearly I am minded now to ensure he never, ever gets sole access to the garden.
Thanks in advance
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