Hi,
I am purchasing a property that has a tenant on a 6 month ast that commenced 3rd December 2012.
The property has been repossessed by the bank, we have exchanged contracts and I complete on it in a a few weeks. Obviously the property is not mine yet.
Apparently the landlord has returned the deposit to the tenant, who was meant to forward it to the bank for them to 'look after', this has not happened.
I expected some issues like this, but kindly request any thoughts from any one here as to what i should do next.
I do not mind if the tenant vacates or stays as long as he pays the rent and I do what i am required to do with regards the deposit etc.
I am not happy to rent him the property without a deposit.
Do i need to serve him a section 21 just in case?
Thank you for all help received.
Robby
I am purchasing a property that has a tenant on a 6 month ast that commenced 3rd December 2012.
The property has been repossessed by the bank, we have exchanged contracts and I complete on it in a a few weeks. Obviously the property is not mine yet.
Apparently the landlord has returned the deposit to the tenant, who was meant to forward it to the bank for them to 'look after', this has not happened.
I expected some issues like this, but kindly request any thoughts from any one here as to what i should do next.
I do not mind if the tenant vacates or stays as long as he pays the rent and I do what i am required to do with regards the deposit etc.
I am not happy to rent him the property without a deposit.
Do i need to serve him a section 21 just in case?
Thank you for all help received.
Robby