How to put my rental property on the market?

How to put my rental property on the market?

10:49 AM, 7th September 2021, About 3 weeks ago 9

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Hi, I am sure many landlords are probably in the same situation as myself, and I am looking to now sell a rental property.

I know I have to give 4 months notice, but can I still get the property on the market before the tenant’s notice expires, and they vacate?

Does my tenant have the legal right to refuse an estate agent access to take photos or organise pre-arranged viewings under their right to quiet enjoyment?

Is it possible to give a reasonable 24 hours notice, and how should this be given?

How have other landlords been able to deal with this if the tenant is not cooperative?

Many thanks

Kathryn



Comments

by MarkT

11:14 AM, 7th September 2021, About 3 weeks ago

I think you need to talk with you tenant and get their view on this as if they are not cooperative, they may not even leave
You will need to start by serving a section 21 terminating the tenancy - however whilst this gives them a termination date, this does not actually mean they have to leave. I currently have 3 properties I am looking to sell and all have had S21 notices given and all are still occupied by the tenants who state they have no where to go, In one case the local council has advised they stay put until I get an eviction order else they will consider they have made themselves intentionally homeless and will not help them.
I have now started the eviction process on all 3 properties but knowing the current state of play and the backlog, I am fully expecting this to take many many months

You can certainly put the property on the market but unless your tenant is prepared to cooperate with you and is very clear they will leave, you may well be moving ahead a bit quick to market it just yet.

Property sales and offers are pretty good at present so It may be wise to get the property empty or at least have a confirmed moving out date from your tenant else you may end up finding your tenant wont leave and any perspective buyer is left waiting around for months.

Will add I have had tenants leave on time or even early when served a S21 but suggest you plan for the worse and hope for the best

by LordOf TheManor

11:15 AM, 7th September 2021, About 3 weeks ago

What does it say in the tenancy agreement? Best to start looking there first and foremost.

by Jo Westlake

13:22 PM, 7th September 2021, About 3 weeks ago

Are they good tenants?
Do they pay the current market rent?
Do the figures stack from a BTL mortgage stress testing point of view?

If so why not try selling with the tenants in situ?

I've bought properties with existing tenants and it was very good for all concerned. The tenants got to keep their home and I got rent from day one.

If the figures would stack for a BTL investor talk to your tenants. Find out their plans. Were they hoping to be in the house long term? Whatever happens they'll be getting a new landlord. Having to move house may be the optional bit.

by Pamthomp33

13:22 PM, 7th September 2021, About 3 weeks ago

I think the notice period is now back to 2 months.

by JB

13:35 PM, 7th September 2021, About 3 weeks ago

Reply to the comment left by Jo Westlake at 07/09/2021 - 13:22
My ex partner was renting and the landlord put the flat on the market while my ex was living there. Guess what? The landlord couldn't find a buyer as the flat looked awful and had 'loads of problems'. Then my ex bought it cheaply.

by Janet Carnochan

17:11 PM, 7th September 2021, About 3 weeks ago

If the tenant is paying the rent, I personally would serve the appropriate paperwork and wait until the property is vacant. Surely the flat won't show itself off well and it is also a covid risk to allow viewings. Properties here are getting 20 plus viewings over a couple of days. I personally wouldn't allow people to put me at risk by letting viewings commence in my home and I'm a landlord. I know of a landlord where I am who gave 6 months notice but gave a few weeks free rent once the tenants had found a new house to allow them to move out early. Rather than battling offer an incentive ( it will cost you less in the long run ). Once the tenants are out then give the property a fresh lick of paint and then put on the market.

by Des Manifold

10:32 AM, 9th September 2021, About 2 weeks ago

I am trying to update our Room Only Tenancy Agreement.
Has anyone got a sample paragraph that would leave the tenant liable for any increase in council tax from a rebranding of the room tax.
I have spoken to NRLA and the answer was no we could not advise on that and they have heard of the problem but could not help in any way.

by DSR

15:17 PM, 12th September 2021, About 2 weeks ago

sell with tenant in situ is an option - that's what I am currently doing. If tenant is paying and all is well an investor will be interested. If they want to move the tenant out after they take ownership then that's their issue. You sold and are freed up from it all.

You can put your own property on the market at any time you like. Its yours! It might make it easier of course to tell your tenant and offer it to them also in case they are interested in purchasing. Also makes viewings etc easier to manage if they are compliant so stick the whet is written in the TA about advance notice etc (just like when you do checks). Explain the process to them, that a board will be going up etc. As long as they are aware, most GOOD tenants will take this as part and parcel of tenting. It could happen at any time. If you have served them correct notice then there is nothing legally you have to do. If they are going to make it difficult and not leave until the bailiffs arrive (as councils do tell them to stay put till the last min) then there is really nothing you can do. At this point get a quote from a company who sell with tenants in situ. Ok you might get a bit less, but then weight this up against time, stress and bailiff costs...then add in more time. If they decide to withold rent then it gets even messier.

Its a punt what you decide to do, but always have a Plan B as the ball is in the tenants court. If they play silly buggers you need to be able to react. Good Luck !

by DSR

15:18 PM, 12th September 2021, About 2 weeks ago

Reply to the comment left by Pamthomp33 at 07/09/2021 - 13:22
only back to 2 months for S21 notices issued AFTER 1st October.


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