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Showing results for tags 'option to buy at fixed price'.
Evening all, I have recently had an offer accepted on a Flat, with an unusual condition attached. This is the situation: Vendor owns all four flats in the building (and the Freehold). He has put all four flats on the market at the same time. The condition of sale for the flat I am trying to buy (FFF) is that he will only sell it if he can sell (at least) two of his flats, because he needs to raise a certain amount of capital to inject into his (unrelated) business. I do not know how much money he needs to raise, but i understand he has a threshold of two flats because of the CGT he w
I took the tenancy of a detached bungalow back in 2012 and as part of the deal the owner granted me an option to buy the property at a fixed price of £180,000 valid until October 2022. As part of the deal I have been paying £150 per month over and above the rent which will be saved by the landlord and will form a 10% deposit in 2022. In other words, its not a fee, just a savings scheme as long as I buy the property on or before the option expiry date. I have since entered into a relationship and my partner owns his house. However, I got permission from the landlord to sub-let the property and