Get UK Law Questions Answered by Verified Experts
Are the flats let on tenancy agreements or leases?
my comp timed out so i did not see your responce,however, both are managed via a letting agency on an AST 6 monthly agreement. All further responces direct to my email please. [email protected]
Private contact between customers and experts is prohibited by JA I'm afraid.
Are you happy for me to answer on this thread?
Thank you very helpful, no need to expand. Best course then (as I see it) will be to legally seperate then sell either each seperately or as a package with all legals in place. If this is so a quick yes reply will suffice & happy to proceed with payment.
There is no requirement for you to grant a lease to each flat in order to sell them, it's more a question of marketing. If you do not separate the flats by granting lease (eg for 99 years) on each then an investor buyer may be interested in the property.
If you grant leases of each then you will get single buyers intersted in each flat, but they you can still market them to single flat buyers if you do not grant leases as you can simply say that a new lease will be granted upon purchase.
I would not grant leases on the flats until you have interested parties personally, to provide you with more flexibility.
If this has been useful please kindly click accept so that I may be rewarded for my time. It will be gratefully received and you will be free to ask follow up questions.Kind regards,Tom