Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
I bought a two bed flat at auction in Dec 2014 with tenant in occupation on an AST since Dec 2009. The tenant has been holding over since the original 6 months period.
When my purchase completed I was charged 3 months rent arrears, undisclosed at the time but I had to pay. The tenant paid me the rent arrears in December after some protracted negotiations but has since failed to pay January and February 2015 rent.
They have failed to return calls, letters and refused to answer the door to discuss. I fear they will not pay March rent now. I want to work with the tenant and have posted a letter offering to help but have had no reply. I have also found out they are in breach of two conditions on the AST, they have a dog – no pets allowed and run a business from the flat, again breach of AST.
The original AST is in the name of the previous landlord /owner who was repossessed, the property was sold at auction by receivers. The tenant has declined to sign a new AST with me as the new owner / landlord. I realise I can serve section 8 and or 21. Is there anything else I can do to secure / gain possession ? One agent advises as there is no AST between myself and the tenant I can simply gain entry and change locks is this true ?
Finally what would be best advice to recover rent arrears ?
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