Hello,
My tenants are on a 12 month fixed AST which started 18 June 2025. I unfortunately need to sell my flat for financial reasons and it has been on the market for 2 weeks now.
I have a very good relationship with my tenants and advised them in February 2025 of my plans (offering for them to buy the flat at a reduced cost, but they declined).
I understand when the new RRB comes into effect, that four months’ notice will be needed.
Would it be prudent to give two months notice now, or let the AST roll onto a periodic tenancy from June, as it currently looks that the RRB won’t be becoming law until late summer. I would ideally like to give my tenants more time to find a suitable propety. However I’m concerned I’ll be tied into a 4 month notice period should the bill pass sooner, which will delay any sale from completing. I want to make the best decision in everyone’s interest but not hang myself out to dry financially.
If this sounds like I’m green, its because I am! Reluctant, accidental landlord in rented accommodation myself.
Advice appreciated. Thank you