Terrible time with council tenant and shock at how law treats landlords15:32 PM, 9th January 2019
About A week ago 40
11:17 AM, 5th May 2015
About 4 years ago
We have been letting a 4 bedroom house to the same family for the past 4 years and they are good tenants. During the last 18 months they have stated on a number of occasions that they definitely want to buy the property as they cannot find anything more suitable.
For our part we need to sell the property by spring 2016 and we are happy to sell to them. In January this year they categorically stated they would be able to release money from their business so enabling them to purchase this spring.
However they recently informed us that their business is going through a cash flow problem and need to delay the purchase. They still definitely want to buy and now expect to raise the money this year but they also state they are continuing to look at other properties!
We can give them more time but we are wondering if there is any way to lock them into the purchase since we do not want to end up running the risk of not selling the property by next spring.
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