How to breach an Assured or Regulated tenancy
I am buying (have exchanged etc) a HMO property in which 3 of the 5 tenants have been there pre-1997, one for 37 years. While they are paying current rent and not in any arrears, making them actually ideal tenants, their tenure is a problem for lenders.
I do not actually want to have to move them, but what are the grounds on which I could breach their tenure?
There are essential works reqired to the property, loose floorboards presenting a health hazard - what grounds do these give rise to? Also, what would be the status if I moved into the property and occupied a room?
I am under Notice to Complete and now struggling to find a Bridge, but equaly as important, will need to resolve before redeeming any bridge with a remortgage. Urgent assistance would be a great help.
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