9:32 AM, 21st April 2020, About 2 years ago 8
My wife and I have just sold an HMO property at auction (last Wednesday). It is a working HMO and the new owner is an investor who will be keeping the tenants on-board.
I assume that I remain the Landlord up until completion, is that the case?
I’ve seen in other articles that the new owner becomes responsible as new Landlord immediately on exchange of contracts (ie the day of auction).
I guess I’m not the first to sell a working HMO to an investor so would much appreciate any help on this.
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