Buying a BTL with tenants in situ

[arjunb 13]

Hi all,

I'm buying a property as above. My conveyancer is in the process of obtaining the AST contract from the vendor's solicitor.

Was wondering whether it is acceptable for me to continue the preexisting AST contract with the preexisting tenants upon completion by simply sending them an addendum letter that overrides the details of the vendor (my name, my address, bank details, rent review, additional clauses, etc.?)

Thanks!

Arjun

[julia urquhart 155]

You have to continue the AST unless the tenant agrees to surrender it as it overrides the sale of the property. I believe there is a specific form to send to the tenant to amend the LL details.

Your solicitor needs to ask for proof of which documents were issued at the start of the tenancy so you know whether it was done correctly and don't forget the deposit!

Good luck