13:31 PM, 14th May 2015, About 7 years ago 8
I am buying a flat from my parents. It has a tenant who has been there for around 5 years. I would like the tenant to stay but am a little unsure how I go about the transfer of the contract from my father to me, and who does it?
My father used an agency to introduce the tenant but not to manage the property. That agency set up the tenancy agreement which was a 6 month contract and is now on a rolling monthly basis. The tenant’s deposit sits with a 3rd party, arranged for by this agency.
It is my first BTL property so am inexperienced at this.
Any help anybody could give would be very much appreciated.
Simon (AKA “First Time Buyer”)
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