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As you know a regulated tenancy is a very secure tenancy and they have considerable rights.
If he has agreed to leave for a fee of £10,000 I would get a simple agreement drawn up by a Solicitor.
This would set out that he is leaving of his own free will, has no claim either now or in the future against you in return you will pay £10,000 by x date.
This can be drawn by a Solicitor, signed by both parties in full and final settlement.
The Solicitor can also witness the document.
This protects your position as the tenant can then never come back and try to claim he was unlawfully eviction or try to invoke certain rights.
So my advice is to get a Solicitor to draw up an agreement you can both sign.
You do not want him come back in 12 months time saying he was unlawfully evicted or anything.
So it is to protect you both
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