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Changing tenanted property from privately owned to company ownership

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David Pye
David Pye
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Hi,

I have a flat I rent to a single tenant, and have done so for several years. The original term of the tenancy has been exceded, and is now running on a rolling monthly basis. The deposit is protected by the deposit protection scheme.

I wish to sell the flat to a limited company I have set up, and the tenant wishes to stay.

I would welcome advice as to how to manage this - do I simply ask the tenant to agree to terminate the existing tenancy on a mutually convenient date, sign a contract for a new tenancy with the company starting on the same day, and refund their deposit from the first tenancy agreement, and ask them to pay it back to me?

Thanks!

David

10/09/2019 13:38

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