Landlord Selling Up

[johnny70]

We moved into a converted stable block on a large estate/farm in Jan 07 on a 6 month AST, we agreed with the landlord that after that we would have a rolling AST month to month, all was well no problems for us or the landlord since we moved in minor issue he dealt with straight away etc.

He called me yesterday to ask if someone could come and measure the Stable as he needed a floor plan as he was selling the estate as you can imagine my partner and I are pretty upset, so where do we stand legally? should we be allowed to keep the tenancy with potential new owners or are we best off looking and getting out as soon as. Neither of us need a potential axe over or heads for months and months. I would think new owners wouldn't be interested in our place there are5/6 rentals in the grounds plus the main house and farm

Thanks
JOHNNY

 

[kBm]

Legally, the landlord should provide a minimun two months notice. I think thats it!

The new owners of the land would be under no legal obligation to you or other tennants.

As tennats, we always end up getting shafted/ short end of the stick.

HTH

 

[gavan]

We moved into a converted stable block on a large estate/farm in Jan 07 on a 6 month AST, we agreed with the landlord that after that we would have a rolling AST month to month, all was well no problems for us or the landlord since we moved in minor issue he dealt with straight away etc.

He called me yesterday to ask if someone could come and measure the Stable as he needed a floor plan as he was selling the estate as you can imagine my partner and I are pretty upset, so where do we stand legally? should we be allowed to keep the tenancy with potential new owners or are we best off looking and getting out as soon as. Neither of us need a potential axe over or heads for months and months. I would think new owners wouldn't be interested in our place there are5/6 rentals in the grounds plus the main house and farm

Thanks
JOHNNY

I believe he has to give you 2 months' notice. This will be in the form of an S21 notice.

You certainly can't expect to keep your tenancy under the new owner unless of course they are buying the property to let and are amenable to signing an AST with you. Even if they will do that, the rent would have to be renegotiated.

 

[Razor]

Legally, the landlord should provide a minimun two months notice. I think thats it!

The new owners of the land would be under no legal obligation to you or other tennants.

As tennats, we always end up getting shafted/ short end of the stick.

HTH

Not true it depends what is written in their AST. I have 1 month notice written into all my ast's.

The landlord has every right to sell his own property with you as a tenant or the property vacant. It normally takes 6-8 weeks for a property sale to go through unless the purchaser is a cash buyer and has the funds ready and waiting.

You might be lucky and the new owners might want to keep the property rented out. If this happens a new ast will be drawn up and you will have to sign for a minimum of 6 months.

 

[Urien Rheged]

You would have to have a 'protected tenancy' or be a 'sitting tenant' to be able to stay there when the landlord sells from what I know. These are usually very old tenancies though from my experience (pre-1988), e.g. old people that have lived there for donkeys years.

 

[Duncan G]

Are you in a position to buy your place? Your in a nice part of the country though.

 

[johnny70]

not really, I doubt we could buy just our bit anyway, would be nice though, I doubt we can find anything as nice again

JOHNNY

 

[JonMace]

I would not worry about it to much at the moment you need to be given 2 months notice from a rent due date, so you will have time to find somewhere else, and with property prices nose diving the LL may not sell anyway

 

[johnny70]

I would not worry about it to much at the moment you need to be given 2 months notice from a rent due date, so you will have time to find somewhere else, and with property prices nose diving the LL may not sell anyway

that's what I'm hoping(selfish I know) Its a huge investment for someone £10m+ so fingers crossed

JOHNNY

 

[JonMace]

I cannot see an investor putting 10 mil into property at the moment (unless it is really under priced or they are there for a 10 year game plan).

I don't think that you have a lot to worry about