park house
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Hi, I just want to have a constructive input in regards to an auction that I am interested to bid on.
The Property is sold with a sitting tenant (Rent €11,400 per annum).
There is a fixed-term tenancy agreement copy that was set since 2011 with the previous owner for one year.
I spoke to Bidx1 who said according to the Bank who repossessed the property that the tenant is supposed to pay 950 per month but unfortunately is paying 277 (no reason why was provided).
I am aware that in order to terminate the tenancy you need to give notice of 224 days if the tenancy is more than 8 years. However, if the tenant is not complying to pay the total rent, is it possible to terminate the tenancy quicker within 28 days’ notice, regardless of the length of their tenancy?
Thanks
The Property is sold with a sitting tenant (Rent €11,400 per annum).
There is a fixed-term tenancy agreement copy that was set since 2011 with the previous owner for one year.
I spoke to Bidx1 who said according to the Bank who repossessed the property that the tenant is supposed to pay 950 per month but unfortunately is paying 277 (no reason why was provided).
I am aware that in order to terminate the tenancy you need to give notice of 224 days if the tenancy is more than 8 years. However, if the tenant is not complying to pay the total rent, is it possible to terminate the tenancy quicker within 28 days’ notice, regardless of the length of their tenancy?
Thanks