with the sub-letting lease. they think i will still have an interest in the cafe. i have asked my solicitor to ask my landlords sol; if it is ok for me to revoke my lease and give the new buyers a new one , seems like it is. but this will incur more cost to me. what is the problems with a sublet business, bar from the fact i could still be liable and not the buyers, for any cost incurred, there is 2years 10 months on the lease left to run. after that the landlord is willing to carry on the lease over to the buyers. i have even offered to pay for my fees, which i know is down to buyers, this was before all of this change. be a grand down. and their not even using a solicitor. they have paid a deposit, i advertised for quick sale, but this as been going on for 3 months, there even appling for a small business loan. via government/council.. after takink the deposit from them , am i in any way obligated to them. i did sign for it
Answer by Godspunk
A sublet business still gives you control in some situations and they are afraid that you will try to take control again at some point. Hope this helps.
Answer by TraceyAnne
Communication/negotiation is everything in creating a successful resolution. Some people are hard to make happy and the more you know and understand them the better position you are to negotiate. Is there a time limit on them finalizing the sale? Here, if the terms of the agreement are met on time you get to keep the deposit for your trouble to advertise for a new buyer. It seems they do not have the money yet after 3 months - is there a source you know that can get them a loan quicker?
Perhaps it would not be wise not to be liable for the lease while they are running the business. They are right in that if they default on the lease payments it falls back on you and depending on your agreement you would be able to take over the space again. Don't take on any unnecessary risk if you don't have to. It may be worthwhile to do whatever to eliminate that responsibility and give yourself peace of mind as you move on to your new life.
I don't know about legal issues where you are but it may be well worth your while to see if you can find another possible buyer - a backup can put you in a position of strength in negotiating. Keep communications open in the meantime and like Donald Trump says negotiate, negotiate, negotiate. You may find that once they have their loan they may be willing to share some of the costs of transferring the lease.
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Orignal From: i am selling my cafe for a song, moving abroad. house sold . all ready to go. but the buyers are not happy?
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