I have agreed to Voluntary Surrender a Buy-to-let which has tenants in place. It must be surrendered with vacant possession.
Tenants are in place for 22 months with 2 months left on a fixed term lease, i.e. they rented first year on a 12 month lease, then renewed for a further 12 months.
I have been reluctant to issue a Termination Notice in case it might be deemed invalid.
I know one of the reasons for issuing a Termination Notice is if the property is to be sold within the next 3 months. Obviously I am not selling the house as such but I am transferring it to the bank and then the bank will sell it. PRTB have advised that I can use this as a reason as I know that the bank will sell the house.
However, PRTB advised me that I cannot issue a Termination Notice during a fixed term tenancy and that I can only issue a notice to take effect from the day after their lease expires. I had planned to issue a Termination Notice to coincide with the expiry of the lease. Can someone please respond to let me know if this is correct or if I can issue a Termination Notice now prior to the end of the Lease but with a Termination Date which is the same as the lease expiry date or do I have to allow them to remain and issue a Termination Notice for after the expiry?
Tenants are in place for 22 months with 2 months left on a fixed term lease, i.e. they rented first year on a 12 month lease, then renewed for a further 12 months.
I have been reluctant to issue a Termination Notice in case it might be deemed invalid.
I know one of the reasons for issuing a Termination Notice is if the property is to be sold within the next 3 months. Obviously I am not selling the house as such but I am transferring it to the bank and then the bank will sell it. PRTB have advised that I can use this as a reason as I know that the bank will sell the house.
However, PRTB advised me that I cannot issue a Termination Notice during a fixed term tenancy and that I can only issue a notice to take effect from the day after their lease expires. I had planned to issue a Termination Notice to coincide with the expiry of the lease. Can someone please respond to let me know if this is correct or if I can issue a Termination Notice now prior to the end of the Lease but with a Termination Date which is the same as the lease expiry date or do I have to allow them to remain and issue a Termination Notice for after the expiry?