I own a property which I rent out. I have put the property on the market but if it is sold whilst there is a tenant in occupation, how will this affect the AST?
I own a property which I rent out and I am about to start a new tenancy agreement but I have also put my house on the market for sale. Should the house be sold whilst there is a tenant living in it, how will this affect the AST? I intend to have a six month contract with the tenant with ongoing renewal thereafter but should there be a new landlord before then, will they need to give the usual two months notice to regain possession of the property or can they give less?
The tenancy will be binding upon any purchaser who would consequently also be required to give the statutory notice of at least two months.
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