Could I get stitched up buying an informal HMO?Make Text Bigger
I have had an offer accepted on a 3 bed house which I am buying, but what worries me is that the house is currently tenanted with 5 rooms being let to individuals, it is an informal HMO being done on the sly as they should really have a licence.
The agent tells me the property will be empty on exchange, but how can I safe guard myself that this will actually happen? What if there is a tenant in there that is on a tenancy that is a controlled tenancy or something other than an AST that I am not aware of and after I exchange I discover this?
I realise I could ask the agent to have the house emptied before exchange, but what if one of the tenants happens to relocate himself back in there, because the agent and the owner were up to some sort of scam against me so that they could sell the house. Obviously paying/bribing this one tenant to leave for a few days then to return so that I get stuffed.
Does anyone know what would be the best way to play this so that I am not exposed and can get the house completely vacant?
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