Hello...I am a new landlord so would appreciate some help...we have a tenant who signed a fixed term lease until Feb...they called to say they are moving in November as they have another house through a family trust. I said I would appreciate if they moved in Jan rather than end of November but they said we will be moving regardless...they are good tenants and I understand peoples circumstances change, but I've also got a mortgage and cashflow to manage, and we've just rented another property, which took a good month to find tenants, as the rental market is very quiet at the moment. Please can someone answer these questions for me.
What is the rule around putting the house up for sale while tenants have a fixed term lease, when they are wanting to leave or will be leaving regardless of the lease.
Do the tenants pay to find other tenants to replace them from their fixed term lease, or do we?
Are we within our rights to say you signed up the lease until Feb, and shouldn't have committed to another property before you lease expiry date, you will have to continue to pay until we find a suitable tenant, and if that isn't until Feb so be it.
I would appreciate some advise from some old heads on how to handle this the best way for everyone.
Thanks
Olive
What is the rule around putting the house up for sale while tenants have a fixed term lease, when they are wanting to leave or will be leaving regardless of the lease.
Do the tenants pay to find other tenants to replace them from their fixed term lease, or do we?
Are we within our rights to say you signed up the lease until Feb, and shouldn't have committed to another property before you lease expiry date, you will have to continue to pay until we find a suitable tenant, and if that isn't until Feb so be it.
I would appreciate some advise from some old heads on how to handle this the best way for everyone.
Thanks
Olive
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