We are buying (not yet exchanged) and then renting back to the ex-vendors. We are charging £25 per month for 6 months and then increasing the rent by £100 per month every month. The vendors are having difficulty getting a suitable property where they want it. We are not in a great hurry to move as we need to decide / specify / design / get planning and BR approvals to major alterations and an extension to the property.
The tenants-to-be have agreed to maintain and insure the building and pay all taxes etc. However we will have a repairing obligation under Section 11 of the Landlord and Tenant Act 1985. How do we avoid this conflict of obligations ?
The tenants-to-be have agreed to maintain and insure the building and pay all taxes etc. However we will have a repairing obligation under Section 11 of the Landlord and Tenant Act 1985. How do we avoid this conflict of obligations ?
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