I let my property to a relocation company for 3 years. The company director was a personnel guarantor. After one year he advised me company is going into bankruptcy and he can no longer pay any rent. He would like to come into a compromise. He would transfer the tenancy in my name and leave all the furnitures in the house for which I don't have to pay any fees. I accepted the offer as I believe it will be difficult to recover any rent as the company is going into bankruptcy. He suggested I use his contract which is titled as licence to rent. I declined this and suggested I will use Room only contract from RLA and Deposit Guard which he agreed. Has anyone faced this sort problem? Am I right to go through this route? Any comments will be appreciated.
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