Buying a property with tenant in situ and needing a major increase in rent ?Make Text Bigger
I am buying a property with a tenant in situ and need a major increase in rent, but will the tenant sign a new agreement?
This is a product of landlords not doing proper rent increases each year then when it is really needed it has a major increase.
If I keep the rent as is I am sure the tenant will sign, but with a £150 increase I expect he will make it as difficult as possible.
It is not a problem if he goes. What are your thoughts?
The seller wants to exchange asap and has reduced the price, but not a lot and prices are going up approx £5000 a month.
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