We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Assured Shorthold Tenancy - what's a reasonable buyout payment to leave immediately?
absolutelybrassic
Posts: 73 Forumite
I have an assured shorthold tenancy and unfortunately my landlord recently died (see my other thread). I know the benefactor of the will wants to get on and clear the property and wants vacant possession. Given that provided I carry on making rent payments I can continue to reside here until probate is granted and then a section 21 notice will be needed giving me a further two months notice, which will be a considerable hinderance to them what would you consider a reasonable buyout payment for my early exit so that I can get a good start elsewhere?
0
Comments
-
Let me get this straight.. instead of leaving in due course at the end of your AST (*actually you havent said whether it is fixed term or SPT?*) you're going to be bloody minded and drag the Landlord through the courts and force him to serve notice and incurr uncessary stress and expense.... unless he pays you off?
That sounds like extortion to me.
What goes around comes around. Karma and all that.0 -
I read it that LL is asking OP to leave before end of AST and OP is in principle willing to do this provided LL covers reasonable expenses.
I guess the question is what amounts to "reasonable expenses".0 -
I read it that LL is asking OP to leave before end of AST and OP is in princible willing to do this provided LL covers reasonable expenses.
.
If that wasn't the case he wouldn't have laced the story with how he wasn't going to move out and force the owner to serve section notices to have him evicted which, to quote the OP, "will be a considerable hinderance to them" (the owner).
But of course the owner could avoid all this by giving him a little pay off...
0 -
You have a contract for the property you are in (I assume, as Moromir says you don't mention the actual situation you are in with regards to fixed term/statutory periodic etc). You have to honour this contract as does the executor of the will as it is a legal document unless you come to an agreement.
They want the house back and you want to get them to pay you off to leave and give them an easy time, or you'll make them wait for probate to come though, then get S21 notice offered (assuming you are out of the fixed term when probate comes through) then drag the poor deceased's family through the courts.
They don't have to get you out of the house, you say that they want to, so they don't need to bribe you to get you to move on. They can let the contract run, offer S21 when required and take posession that way.
I'd take this opportunity to leave nicely, of your own accord, to find a new property to rent rather than see this situation, which is tough for their family anyway, as a way for financial gain for yourself.0 -
if everyones assumptions are right.... what a nasty little oik.......0
-
I'm not making any assumptions and I can't see the OP's other thread so it must be under a different user-name.
OP: what is reasonable is whatever you and your new landlord agree is reasonable. If you are eager to move out and your landlord is eager to sort out the sale of this property as soon as possible then I would consider the equivalent of one month's rent and one month's rent as deposit for your new property as fair but it's all down to your powers of persuasion and keen negotiating skills. Come over as money-grabbing, exploitative oik and you'll get nothing but a Section 21 and that would be what you deserve0 -
i think his user name explains things......0
-
There's no shame in being poor. If there was I'd be hanging my head, wearing sack-cloth and ashes over here right now. When people are in a hole, whether of their own making or not, possible opportunities for dragging oneself out of it are often grasped with both hands.
The OP has a choice: sit tight and save like a demon or negotiate with the new landlord for enough cash to be able to move on.0 -
""negotiate with the new landlord for enough cash to be able to move on.""
whilst taking advantage of a family at its lowest ebb ?0 -
http://forums.moneysavingexpert.com/showthread.html?t=2251997
Full story here. I would suggest you separate your emotions towards this family, from your long term housing and financial needs. Get on with your life and let them get on with theirs.Been away for a while.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards