Purchase and Rent back

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C
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I have been offered a property at a reduced market price on the condition that the current owner continues to occupy the property after the sale, at a slightly discounted market rent. I have no objection to this arrangement and am quite tempted by the offer. What is the legal situation regarding this? I would be letting under my AST agreement, but would not be asking for a deposit, so no registration required. I have also been told I need to be registered with the FSA. Any advice gratefully received.

24/04/2011 00:00

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