National Residential Landlords Association
Home My Account My Portfolio
Join Us Log In

PREMIUM LEASE.TENANT WANTS TO CANCELL
Tenancy Deposits

Member
Member
0 Thanks
1 Posts
15 years ago
0
My tenants ( an international company ,)insisted on a premium lease for 30 months, starting last June.
With the economic crisis deepening, they now say that the will not need the flat after April of this year.
They have suggested that they will give me £5000 if I release them from their obligation, and return the unused rent.
However, since last June rents on this type of flat have dropped from 2000 per month to 1500, and I suspect they will continue to fall.

All monies were paid to me at the begining of the tenancy, and I have invested them with a view to the interest earned, going towards my higher tax.

There is no break clause in the agreement.

Can they force me to cancel the agreement.

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.

Join Today

Have you forgotten your password?