I am a tenant and my landlord is about to sell the flat to a family that will want to move into the flat. Will the new owner have to honour the 12+1 no-break clause (due Q2 2010, with tenancy agreement signed til Q2 2011), or can they terminate the tenancy agreement early, since they want to move in themselves?
I believe this definitely was the case under the old style (pre-2004) tenancy agreements.
Any advice would be much appreciated!
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Gucci
15 yrs ago
Hi onemorething, my landlords want to sell the flat too but my agent has confirmed that my TA protects me from being kicked out by a new landlord who has to honour all the terms of the TA. Check yr TA carefully and/or with your agent as yr landlord may have inserted a provision addressing that. If not, u should hv no problem. Future earnings from the flat i.e. yr rent, is factored into the negotiated price as well.
If u don't mind moving, let them buy u out til Q2 2010 when yr fixed term ends ... again, my agent's 2 cents when I discussed my parallel issue with her tho my landlords haven't found a buyer yet.
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