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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Question for Landlords
Dave_Simmons
Posts: 13 Forumite
Hope someone can advise on this.
I sold my house recently and like a good fella I stuck to the deal even though the house I went after failed a survey on subsidence.
So I signed up to a rental agreement for 6 months ends 28th Feb.
I have now found a house, made an offer been accepted and if all goes well will own it in a month as it's empty.
My wife and I have done all the renovation research, and believe it will be habitable by end of Nov.
Question is would it be possible to either pass my rental agreement on to someone else (with landlords approval) or am I legally tied to it for the 6 month period.
I know we are only talking 3 months but it's £1500 PM so would be nice to recoup 2 or 3 months if we have somewhere else to live.
I sold my house recently and like a good fella I stuck to the deal even though the house I went after failed a survey on subsidence.
So I signed up to a rental agreement for 6 months ends 28th Feb.
I have now found a house, made an offer been accepted and if all goes well will own it in a month as it's empty.
My wife and I have done all the renovation research, and believe it will be habitable by end of Nov.
Question is would it be possible to either pass my rental agreement on to someone else (with landlords approval) or am I legally tied to it for the 6 month period.
I know we are only talking 3 months but it's £1500 PM so would be nice to recoup 2 or 3 months if we have somewhere else to live.
0
Comments
-
It's certainly legally possible to surrender your tenancy if your LL agrees to it, but he would have to agree to it and he's under no obligation to do so.
I would talk to him, explain the situation, offer to help find the tenants, and see what he says.0 -
You signed a 6 month contract, which is legally binding.
However, there is nothing to stop you and the LL agreeing to alter this ie by early termination. However, that has to be by mutual (and for your protection, written) agreement.
To get the LL to agree, offer to cover his extra costs: advertising/ marketing costs, vetting/credit checking next tenant, paying rent till new tenant moves in.
There are costs associated with changing tenants, and if a LL has to pay these costs every 3 months instead of every 6 it makes a huge difference.0 -
As the above 2 posts - the LL can ask you to pay his/her "reasonable" re-marketing costs and to continue to pay rent until a new T , who is acceptable to the LL, can be found and be moved in.0
-
Yes and twice i have let my tenants go early,they do however incurr a months marketing cost,or at worse the full rental up until the tenancy ends,even if they have moved out, however it up to the landlord what he/she decides..0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604.1K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards