Food Shortage Plan Being Drawn Up To...
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No best answer has yet been selected by rowry. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.I could give you unqualified and thus uninsured legal advice if I could see the contract. (I have a law degree, study the subject at masters, have worked for several law firms and a Legal Advice Centre, but I am not a qualified lawyer) You may be able to find a way out. However AB don't let us swap email addresses or phone numbers so I suggest going to the CAB.
Finally and most importantly - don't feel stupid!!! The number of people who make a similar mistake is HUGE. Contracting with a friend is one sort of mistake, particularly as you then tend to let your guard down. However think of all the people who go into business with a friend and then plunged personal assets into it and fallen out and been in real trouble. I'm not saying you don't have a problem - I'm trying to encourage you that you are NOT stupid! :-)
Aswell as declaring to the Inland Revenue and advising the Mortgage lender that you are commercially letting the property (as mentioned above), insurance rates will also differ between owner occupied and let properties.(This would mean that his buildings insurance would technically be invalid.)
How you subtly mention these things to him is up to you. But if he's going to be a complete tight-�rsed git over the remaining three months of the 'contract' when you have given an entirely reasonable two months notice, then b�ll�cks to him. He deserves all he gets!!
Good luck, rowry.
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