Landlord selling to new landlord what happens to month in advance rent | The Tenants' Voice
Cookies must be enabled for this site to function properly

Topics / Rent 

start a new discussion

Landlord selling to new landlord what happens to month in advance rent

0 helpful votes
This is the number of people who have indicated that they have found this discussion useful.
654 views 1 replies latest reply: 18 August 2015
Photo
Tenant

Can anyone help me?? I am privately renting a property and the landlord is now selling (note I am not in a tenancy agreement as the landlord has never got round to bringing me the new one to sign). The landlord is selling to an investor therefore the new landlords have said they will want me to stay. My question is what happens to my month in advance that was paid to the first landlord?? Does she have to transfer this to the new landlord or as the sale is going through do I not have to pay a months rent to the current landlord and then start fresh with new landlord once sale is finalised??? Thank you

Get up to £120 in discounts !

Save 10% on 25+ services for your home and garden when you book with Fantastic Services !

Book now and use promo code FTTV10* to receive 10% OFF the price of 25+ services for your home and garden !

Get 10% OFF the price of your service with our promocode:

  • 10% OFF End of tenancy cleaning
  • 10% OFF Removals
  • 10% OFF Handyman services
  • 10% OFF Garden Maintenance
  • 10% OFF Carpet cleaning
  • 10% OFF 25+ more services for your home and garden
cleaner

*Use code: FTTV10 to get 10% OFF all services (Excluding Locksmith Services).

Minimum charges and T&C apply! Can not be combined with other offers and discounts. No expiry date.

Photo
Administrator

Hi Michelle

Is this money you paid as a secuity deposit? If so then it’s likely the landlord should have protected it with one of the three tenancy deposit protection schemes. It’s not clear from your post whether there was once a tenancy agreement and you just haven’t signed a renewal (in which case you’re now there under a periodic tenancy on basically the same terms as the initial tenancy and the deposit must have been protected) or whether there never was a tenancy agreement.

Make sure that you get in writing that the money will be transferred from one landlord to the next and find out where the deposit is protected. If it should have been protected and hasn’t been then you can make a claim against the landlord for 1-3 times the amount of the deposit. If the landlord won’t confirm where the money is held and what will happen to it (in writing) then you can remind them of your ability to take action to retrieve that cash.

Alex

Showing 1 - 1 of 1 Comments
start a new discussion

Post a reply