Succession in a Registered Tenancy
A company I work with have a number of properties most of which are commercial but a couple are regulated.
One of the properties was the sole tenancy of a man who we understand was in a Civil Partnership and he has unfortunately recently died.
We need to be fair and do the right thing by his partner however, we also want to protect our investment and make sure that there is not a further succession of the tenancy as it is already way below market value for the properties which are highly sought after.
I have been informed that the tenancy will roll over and become an assured tenancy - is this correct and if so what steps should we take?
Any advice on what we should do would be much appreciated.
Thanks in advance.
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