Excellent tenants (lady with two children and her partner) that we’ve had for several years, would like to move into one of our properties with a view to purchasing it in 4 years’ time.
They can only afford a substantially lower rent than what we are getting renting it out as an HMO, but they are proposing to take over the responsibility and cost of all the repairs and maintenance during these 4 years.
Is it possible to grant them a 4 year Residential Tenancy on such terms?
If not, what would be the nearest form of Tenancy Agreement we could use? The property is mortgaged.