Jump to content
House Price Crash Forum
Sign in to follow this  
loginandtonic

What Is The Compensation Formula If A Tenant Leaves A Rental

Recommended Posts

is there a formula for compensation to the tenant assuming a tenant and landlord come to a financial compensation agreement for the tenant to go early, eg month 2 of an ast in a 12 month ast, because the landlord has decided to sell up ?

did a search here, couldnt find this asked before but probably has been i would imagine

Share this post


Link to post
Share on other sites
is there a formula for compensation to the tenant assuming a tenant and landlord come to a financial compensation agreement for the tenant to go early, eg month 2 of an ast in a 12 month ast, because the landlord has decided to sell up ?

did a search here, couldnt find this asked before but probably has been i would imagine

I don't think so.

But as a minimum I would expect all of the costs associated with finding a new place and moving into it, which in my case wouldn't be less than 2 grand.

tim

Share this post


Link to post
Share on other sites

It's what ever you can negotiate. You have something the landlord wants - possession of the property. That is worth something to him and something to you. Figure out what it is worth to you, that is your minimum,, so you should make sure that you have all costs covered by what ever your settlement is, and compensation for moving, in my case it would be about three days of leave/weekends lost packing and moving.

If the landlord needs you to be out by a specific date, I wouldn't be embarrassed asking for around £5,000, or how about 5% of the value of the property?

Happy negotiating.

Share this post


Link to post
Share on other sites
I don't think so.

But as a minimum I would expect all of the costs associated with finding a new place and moving into it, which in my case wouldn't be less than 2 grand.

tim

It's what ever you can negotiate. You have something the landlord wants - possession of the property. That is worth something to him and something to you. Figure out what it is worth to you, that is your minimum,, so you should make sure that you have all costs covered by what ever your settlement is, and compensation for moving, in my case it would be about three days of leave/weekends lost packing and moving.

If the landlord needs you to be out by a specific date, I wouldn't be embarrassed asking for around £5,000, or how about 5% of the value of the property?

Happy negotiating.

thx for the replies, good sense there.

its not happened yet - it's in the breeze though i reckon... will be ready

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   296 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.