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long term let

flashtash
flashtash Posts: 33 Forumite
in House buying, renting & selling
hi, ive been offered a long term let of 20 years if I want it.if the landlord wants to sell the property while I have years left on the let,do I have to move out? ps not sure what kind of tenancy agreement it is and will it make any difference?....thanks
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Comments

  • donfanatico
    donfanatico Posts: 456 Forumite
    20 Years? Is this a typo?
  • flashtash
    flashtash Posts: 33 Forumite
    edited 22 January 2014 at 4:45PM
    donfanatico wrote: »
    20 Years? Is this a typo?
    no,its a young couple who own the house and looking to get the mortgage paid for their retirement, the 20 years is,i think to give the tenant security
  • donfanatico
    donfanatico Posts: 456 Forumite
    Anything over 3? Years needs to be a deed , witnessed. Are you sure you are goingto Stay for 20 Years?
  • flashtash
    flashtash Posts: 33 Forumite
    edited 22 January 2014 at 4:53PM
    donfanatico wrote: »
    Anything over 3? Years needs to be a deed , witnessed. Are you sure you are goingto Stay for 20 Years?
    doubt it,just wondered if even in 2 or 3 years time they could sell and we would need to leave. I could be there for 5 years or more though
  • donfanatico
    donfanatico Posts: 456 Forumite
    No, if you have a 20 year Agreement theycould sell But The new owner Would become your new landlord.
  • flashtash
    flashtash Posts: 33 Forumite
    donfanatico wrote: »
    No, if you have a 20 year Agreement theycould sell But The new owner Would become your new landlord.
    so if a new owner came in they cant ask you to leave they must Honour the lease? and what kind of tenancy agreement would be covered by this? ...cheers
  • CharlieRabbit01
    CharlieRabbit01 Posts: 1,246 Forumite
    Debt-free and Proud!
    I wouldn't want a tenancy that long and if i did consider a long let it would have to have a break clause in it just incase.
  • flashtash
    flashtash Posts: 33 Forumite
    CharlieRabbit01 wrote: »
    I wouldn't want a tenancy that long and if i did consider a long let it would have to have a break clause in it just incase.
    I can give 1 months notice to quit at any time
  • CharlieRabbit01
    CharlieRabbit01 Posts: 1,246 Forumite
    Debt-free and Proud!
    flashtash wrote: »
    I can give 1 months notice to quit at any time

    thats good, not sure in that case i'd bother with a 20 year tenancy if you can leave with a months notice at anytime.

    I'd just do 6 months then onto a Periodic tenancy though this doesnt protect you from rent rises, which i expect they might want to do if there mortgage rises.

    May I ask where they are living if you are in their house paying the mortgage for their retirement?
  • flashtash
    flashtash Posts: 33 Forumite
    CharlieRabbit01 wrote: »
    thats good, not sure in that case i'd bother with a 20 year tenancy if you can leave with a months notice at anytime.

    I'd just do 6 months then onto a Periodic tenancy though this doesnt protect you from rent rises, which i expect they might want to do if there mortgage rises.

    May I ask where they are living if you are in their house paying the mortgage for their retirement?
    they are a young couple and have a second home which they live in,this property is an investment for them
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