8:46 AM, 21st April 2022, About 2 years ago 12
I currently have a property that I’m looking to sell to raise funds for another business venture. However, I have an existing tenant who I’m looking to relocate into the property on a short-term basis until the property is sold.
I’m therefore reluctant to commit to a standard 6 month AST agreement in case the property sells quicker. I’m also hesitant to sell with him as a sitting tenant since this will alienate owner-occupiers and restrict the market to investor owners therefore potentially receiving a lower offer.
Are there any standard short term tenancy agreements that anyone is familiar with and that are legally recognised?
Also, is there room for discretion to set the maximum period or is this not legally possible? In reality, I’d rather be able to give the tenant 1 month’s notice maximum to leave if not less (Say a week).
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