Tenancy Contract - possible to change it mid-tenancy?

Pheath20

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fairy_lights

Pheath20 wrote: »

Anyhow - it's a point about them viewing the thread - anyone know is there a way to hide it pls, we're going to seek legal advice.

Rather than trying to hide all of this from the tenant you could speak to them, advise them that your mother may need to go in to care at some future point and find out what their own plans are and what you can do to help them if and when they need to move out. If the tenant has lived there so long they are presumably not young themselves, perhaps forewarning them what might happen so they can prepare themselves would be the kinder option.

Pheath20

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45002

Pheath20 wrote: »

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Now I wonder why !

45002

fairy_lights wrote: »

Rather than trying to hide all of this from the tenant you could speak to them, advise them that your mother may need to go in to care at some future point and find out what their own plans are and what you can do to help them if and when they need to move out. If the tenant has lived there so long they are presumably not young themselves, perhaps forewarning them what might happen so they can prepare themselves would be the kinder option.

It wouldn't surprise me if the Tenant already knew there rights and that it's OP who is Worried !!!!!!!!!!!!!!!!!!!

macca1974

Ignoring for a second that the thread has been deleted.....this thread caught my eye as it is quite interesting and I was having my lunch.

In your other threads, you mention your concerns relating to IHT in the event of parents death. If there is a sitting tenant in one of the flats on a protected tenancy is this not likely to considerably reduce the value of the property when it assessed for IHT purposes and therefore reduce the amount of tax that the estate will eventually pay?

Baring in mind that you probably don't have much chance whatsoever of breaking a tenancy of this sort, wouldn't it make more sense not to sweat about it now. After all, if you did manage to remove during your mothers lifetime, then presumably this would increase the value of the property and you'd end up paying 40% of the increase in tax.

Pheath20

Artfull, even if they could find it some other way, i'd really rather it hidden here due to its sensitivity, just a favour pls could you remove my quote you've just posted. thanks

Danfuss

Having looked through various threads, and unless I am mistaken, it looks like the OP has been anticipating the inheritance for over a year.

Various posts relate to IHT/CGT liability; the benefits or disadvantages of splitting the sale of the property as two flats or as one property etc. The property/estate in question is said to be worth over £1m. Then there is the latest query – how to get over the obstacle of what appears to be a regulated tenancy.

Having shared so much information and had the benefit of so much good advice from members, why so coy now?

Pheath20

don't mind about the other posts being on the website just didn't want the tenant to see latest thread which could upset and cause a lot of anxiety uneccesarily. Perhaps my mistake that i didn't think it through before posting on a website forum. don't really like your implication 'anticipating inheritance' - my questions were what anybody would ask with a complicated estate but will know better to post here again and just seek legal advice straight off. Think artfull's code of conduct on the site is awful, posting PM's on the main site and then agreeing to remove post and not doing so - have reported!

franklee

Given that size estate you need a solicitor specialising in housing law and inheritance tax planning. It may be a regulated tenancy is a good thing in your case if it saves inheritance tax by devaluing the property in the medium term? With a bit of research you should be able to find an appropriate solicitor but it'll likely be a senior person and thus pricey, but worth it!

Not sure removing the first post helps when your thread on landlordzone is linked to. If I was the tenant I'd be grateful for some advance notice as it'll be an upheaval and worry whatever happens. Surely all parties being up on their rights is helpful so as to avoid unnecessary delays. If the tenant is going to move the sooner they start planning the better? If you are worried they'll find out their rights from this forum I wouldn't as it's unlikely the posts are that accurate on the definition of same building as I think a converted house even with separate flats is the same building under the act but most other posters don't.