HMO purchase

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M
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We wish to purchase a house which currently has 3 tenants with assured shorthold tenancy agreements who are cuttently on notice to vacate.

We wish to completely remodel the property so need to be in vacant possession

The current vendor is still in the process of buying himself and wants to "flip" the property in order to avoid the hike in CGT which is being talked about.

Should the tentants not vacate by the date of completion we would need to continue with the legal process of eviction and my question is what is the worst case scenario if this should happen.

If we go to court - what is the worst case in terms of time that this process might take?

Also - what documentation in terms of leases and notices do we need to see, what other pitfalls do we need to be aware of?

Regards

17/05/2010 00:00

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