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Re:Even the Rich Are Being Priced Out of Central London by randyrand on Friday September 02, 2016 @05:20PM (#12416370)
Eviction can be very difficult (1 year +) when it comes time to sell.

Also, it's risk. They can fuck up the place, and if their rent is not much, then the insurance will be more than the rent.

Re:Even the Rich Are Being Priced Out of Central London by rahimnathwani on Saturday September 03, 2016 @05:02AM (#12418422)
That's not the case in London. The notice you need to give a tenant is specified by the lease agreement (general an Assured Shorthold Tenancy). It's usually specified as 6 months minimum, after which either tenant or landlord can give 1 month (or sometimes 2) months to end the lease.

If the tenant refuses to move out (despite the landlord serving notice correctly) you can usually get that resolved in 2-3 months at most: 1 month to get a court date, 1 month to give the tenant time to comply with what the court orders, and 1 month to get a bailiff to physically remove them (if it comes to that).

(Source: I'm from London, and I've signed several leases as both a landlord and as a tenant. I've once gone to court to evict a tenant who had stopped paying rent, and the matter was resolved in <2 months from first filling in the court paperwork)