Question
In 2013 Andy inherited the registered freehold of 24 Lane End, a four-storey townhouse, but the property felt too large for him to live in
In 2013 Andy inherited the registered freehold of 24 Lane End, a four-storey townhouse, but the property felt too large for him to live in alone.
He decided to live on the ground floor and generate some income from the other floors. He made the following agreements:
- Ben (Andy's best friend) occupied the 1st floor in return for 200 per month for '1 year in the first instance'.
- Claire occupied the top floor in return for payment of 800 per month for a term of 6 years. This was written on a piece of paper, which they both signed, and entitled 'licence agreement'.
- Denny lives on the 2nd floor and works as a chef in Andy's restaurant nearby. Denny moved into the house when he split from his partner and pays Andy 100 per week.
Andy has a key to the entire property but has ensured that he also has a copy of the keys for each floor's separate entryway. He is a keen animal lover and has encouraged the others to have pets if they so wish. He occasionally uses his key to put out water and food for the pets and to take Ben's dog for a walk.
Earlier this year Andy met Ethan and they fell in love. Andy is now considering selling number 24 in order to move into a smaller property with him.
Advise Andy as to whether he can sell the property free of the other parties' interests or whether a future purchaser would be bound by any of the agreements he made.
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