Settlement offer advice

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    Settlement offer advice

    Hi All

    I have a verbal agreement with the TT. He will vacate the property next week and pay a small part of the rent he owes. ( I was tired of waiting and honestly, I don´t mind losing money if I get rid of him and never have to talk to him again) In exchange, I will not fill out a reactivation notice for eviction. (Case was adjourned because of Covid).

    In case TT leaves next week. Would it be enough for me to not send the reactivation notice, or do I also have to cancel Section 8 and Section 21? if he´s still at my property by the end of next week I will file the reactivation notice and proceed with Section 21, etc.

    Both parties want to have something in writing and signed, Do I need to get this done by the same legal team that filed S8 and S21 or can I use a standard document between TT and myself? Any ideas about the cost and a company that can provide this ASAP?

    Thanks!

    #2
    You can't actually cancel a s21 or s8 notice.
    If you don't send the reactivation notice, the notices time out (S21 after 6 months, s8 after 12).

    There's not a standard document, but if you and the tenant agree the text and are happy with it, that would be fine.
    Otherwise a solicitor would charge whatever the market will stand, I'd expect a few hundred pounds but less than a grand.

    But it's more likely that your tenant might be unhappy with it.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment


      #3
      Thanks so much. I will talk to the TT and see if he is happy to settle this without getting lawyers involved.

      Comment


        #4
        Don't transfer or give any money until the property has been emptied and you have the keys.

        Comment

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