Been offered cash to leave my rental

TripleH

Money paid by landlord to their solicitor.

Money paid to your solicitor client account. Funds released on confirmationyou have exited property.

To be fair you could use 1 solicitor firm unconnected to you and landlord to save fees.

macman

I'll be happy to act as the intermediary if you like: for a very reasonable 10% of the compo.
If you agree, message me and I'll send you the bank details. 

diystarter7

Hi OP

Good luck but I just want to say to anyone that is a LL or wana be LL. It's complex, hire a good, well established LA on full management.  If things go wrong and you have sensibly taken out legal cover etc, trust me just saving on the worry is worth a million.

OP, make sure you get it done properly as they offered, you did not ask so you deserve it.

Thanks

GDB2222

You can get your own solicitor. I guess it would cost you several £100. There’s no reason to suppose the LL will pay that on top of the £10k, but maybe. 

Alternatively, you can rely on a formal undertaking from the LL's solicitor to pay you.

Richard1212

What a windfall when it is inevitable that the landlord will evict you in due course. He must want that flat to be vacant in a real hurry.

I suggest that you have a solicitor of your own and get him to send your acceptance reply quickly----and then make the £10,000 transfer from solicitor to solicitor on a date to be agreed in writing between them.

As for solicitor costs, I wouldn't risk such a deal going through by asking for landlord to pay your costs ( which will be minimal ).

I LIKE IT----CONGRATULATIONS BERTIE.

martindow

diystarter7 said:

Hi OP

Good luck but I just want to say to anyone that is a LL or wana be LL. It's complex, hire a good, well established LA on full management.  If things go wrong and you have sensibly taken out legal cover etc, trust me just saving on the worry is worth a million.

OP, make sure you get it done properly as they offered, you did not ask so you deserve it.

Thanks

You have considerable faith in your agent, but it still remains your responsibility if they do make a mistake.  Anyone can set themselves up as an agent - no training or qualification is required.  Many people on this forum prefer to educate themselves as much as possible, self manage and avoid paying out a large percentage of their profit to an agent.

london21

Not a bad offer.

Been very unlucky with the s21's 

bertie1979

let's just say the agent is the one that's caused A LOT of the problems.

Anyway, good news £10k hit my account yesterday, the £775 has been processed waiting on that hitting my account & they wrote off £650 "arrears" (they increased my rent during this debacle and I just kept paying the original £775 pcm).

So thanks all for the help.

Sarah1Mitty2

bertie1979 said:

let's just say the agent is the one that's caused A LOT of the problems.

Anyway, good news £10k hit my account yesterday, the £775 has been processed waiting on that hitting my account & they wrote off £650 "arrears" (they increased my rent during this debacle and I just kept paying the original £775 pcm).

So thanks all for the help.

Good result for you, will you be able to find a similar or cheaper rental?

Mutton_Geoff

diystarter7 said:

Hi OP

Good luck but I just want to say to anyone that is a LL or wana be LL. It's complex, hire a good, well established LA on full management.  If things go wrong and you have sensibly taken out legal cover etc, trust me just saving on the worry is worth a million.

OP, make sure you get it done properly as they offered, you did not ask so you deserve it.

Thanks

Absolute bullmerd, even the best agents abandon you when the going gets tough.