Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 3 weeks ago 48
We have a property on a 12 month AST with 5 months left to run. The tenant has not paid his rent this month and on further inspection we find that the property is being sub let, but with him keeping a bedroom.
He is out of the Country until September and on speaking with the people that he is sub letting rooms to they have all paid him for their room rental.
Help what is the best course of action?
I have inspected the property and it isn’t in too bad a state, so to make good of a bad situation I was thinking of perhaps adding these people to the tenancy, that is if they pass credit checks etc. However, by doing this am I making a rod for my own back.
The other alternative is to seek court action, but how long will this take, how much will it cost, and what is involved. I believe that I will need to go through the solicitor route for this.
I feel sorry for the people that are sub letting as our tenant has told them that it is his house. Any suggestions ideas, it needs to be dealt with asap and I really don’t know what to do for the best.
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