Potential House Move & Tenancy Issue
Discussion
So I'm facing a bit of a tricky scenario... I think I'm probably looking for moral guidance as much as anything!
Purchase of new family home is being delayed by the idiot our vendor is buying from who has no chain, but has decided that they are going to go on holiday until the middle of next month.
The problem being we have verbally agreed a tenancy to start at the end of this month and have taken a deposit. A contract has been provided to the prospective tenant but as yet nothing has been signed.
Everyone was expecting to be moved by July, so the tenancy in September was in theory never going to be an issue.
So do I:
1) Return the deposit (from the TDS), have an awkward conversation and say sorry, on the basis that a tenancy has not actually been created given the lack of contract or possession. Leaves me having to find a new tenant when we do finally move.
I'm not at all keen to let down the prospective tenants even if I can wiggle out of it legally, but they are only going to be in place for a maximum of 6 months, so it would not be like I am going to lose out long term. They are however people I know and would be ideal, hassle free tenants whilst I am busy dealing with turning the new house into a home.
2) Prepare to move out and into a temporary home for 2/3/4 weeks (I have options on this front but none of them are particularly pleasant and will probably wipe out most of the income from the tenancy). I'd happily do this myself but not exactly easy for 2 primary school children in their first week of a new term...
3) Something else (ideas on the back of a postcard please).
I've already suggested to our vendor that they find a temporary home but no indication of this happening thus far and in fairness they are in the same position as us wrt to young family etc.
Is this a situation where I really should look after number 1?
Purchase of new family home is being delayed by the idiot our vendor is buying from who has no chain, but has decided that they are going to go on holiday until the middle of next month.
The problem being we have verbally agreed a tenancy to start at the end of this month and have taken a deposit. A contract has been provided to the prospective tenant but as yet nothing has been signed.
Everyone was expecting to be moved by July, so the tenancy in September was in theory never going to be an issue.
So do I:
1) Return the deposit (from the TDS), have an awkward conversation and say sorry, on the basis that a tenancy has not actually been created given the lack of contract or possession. Leaves me having to find a new tenant when we do finally move.
I'm not at all keen to let down the prospective tenants even if I can wiggle out of it legally, but they are only going to be in place for a maximum of 6 months, so it would not be like I am going to lose out long term. They are however people I know and would be ideal, hassle free tenants whilst I am busy dealing with turning the new house into a home.
2) Prepare to move out and into a temporary home for 2/3/4 weeks (I have options on this front but none of them are particularly pleasant and will probably wipe out most of the income from the tenancy). I'd happily do this myself but not exactly easy for 2 primary school children in their first week of a new term...
3) Something else (ideas on the back of a postcard please).
I've already suggested to our vendor that they find a temporary home but no indication of this happening thus far and in fairness they are in the same position as us wrt to young family etc.
Is this a situation where I really should look after number 1?
I'd go for option 2.
Convince the kids it's an adventure (should work for a few days anyway
)
As you say, it's for 2/3/4 weeks, so you the risk you have is that you can save up to 4 weeks rental by staying put, but potentially loose 5 months rental after that if you can't find another tenant quickly enough.
That money could come in handy after a house move.
Convince the kids it's an adventure (should work for a few days anyway
)As you say, it's for 2/3/4 weeks, so you the risk you have is that you can save up to 4 weeks rental by staying put, but potentially loose 5 months rental after that if you can't find another tenant quickly enough.
That money could come in handy after a house move.
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