Advice on selling a tenanted property?
I am looking to put my property on the sales market and wish to give written notice to my tenant that:-
1) I wish to have an Estate Agent attend and take photos of the inside of the property.
2) Give notice that once the property has been sold they would be required to vacate the premises.
Is there any advice as to which Acts I have to insert into any legal paperwork.
Thanks
Simon
Discussion @Property118 regarding advice for buying and selling a tenanted property – see http://t.co/GgQiw3zS4Y
— Mark Alexander (@iAmALandlord) March 14, 2015
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
Previous Article
Tenancy Notice Period - Tenants QuestionsNext Article
Rent-by-the-room Agents - do any exist in NW1?
Member Since January 2011 - Comments: 12209 - Articles: 1408
7:44 AM, 12th March 2015, About 11 years ago
Reply to the comment left by “Caroline Read” at “11/03/2015 – 19:56“:
We will commence initial testing of the new platform next Tuesday and hope to move to Beta testing the following week for a launch late this or early next month before the new tax year.
.
Member Since July 2013 - Comments: 193
8:40 AM, 12th March 2015, About 11 years ago
I get the feeling this portal may be popular 🙂
I have a 2 bed terrace in Manchester to sell, and possibly may look to sell a 3 bed semi in Manchester, both tenanted.
Interested parties, watch this space it seems. 🙂
Member Since March 2015 - Comments: 2
10:19 AM, 12th March 2015, About 11 years ago
Hello
I am considering getting into buy-to-let and have seen some properties advertised with a tenant in situ. Maybe this should be a different thread but I am wondering what are the pitfalls?
Do mortgage companies object? Is it possible to get in and see what you are buying? I for one would not buy blind.
Member Since March 2015 - Comments: 5
10:56 AM, 12th March 2015, About 11 years ago
Hi All – my first post having just joined – I have both bought and sold tenanted property before. It’s nice to have rent coming in from day one especially if you are inheriting good rent paying tenants that want to stay a while. Its hard to get a premium selling tenanted property unless its either commercial or the rent is being maximised by room letting or you’ve negoitated a high rental (and the tenants have kept and continue to keep the property in good appearance for viewings – often the hardest part). In order for tenants to do this its often an idea to offer an incentive for them to do so – bonus if it sells etc, even a token gesture per viewing (if agent says thats its in good viewing order).
Anyway – good luck in your endevours.
regards Andrew
Member Since November 2014 - Comments: 7
11:35 AM, 12th March 2015, About 11 years ago
Reply to the comment left by “Anthony Endsor” at “12/03/2015 – 08:40“:
Wow Anthony…I am very interested in these too..:)
Thanks again Mark for putting us all together, cant wait to use to use the new platform and grow my portfolio.
Member Since January 2011 - Comments: 12209 - Articles: 1408
11:38 AM, 12th March 2015, About 11 years ago
Reply to the comment left by “Kelly C” at “12/03/2015 – 10:19“:
Hi Kelly
There are potential pitfalls such as deposit protection, serving the correct notices, checking tenancy agreements etc. which is why you need a specialist conveyancing company to assist. Fear not though, we have already lined that up – see >>> http://buytoletconveyancing.co.uk/
.
Member Since January 2011 - Comments: 12209 - Articles: 1408
11:39 AM, 12th March 2015, About 11 years ago
Reply to the comment left by “andy peers” at “12/03/2015 – 10:56“:
Hi Andrew
Welcome to Property118 🙂
.
Member Since September 2013 - Comments: 154 - Articles: 1
12:10 PM, 12th March 2015, About 11 years ago
Member Since January 2011 - Comments: 12209 - Articles: 1408
12:38 PM, 12th March 2015, About 11 years ago
Reply to the comment left by “CaZ ” at “12/03/2015 – 12:10“:
LOL – I wasn’t going to say anything. We have been working towards this ever since we launched this website and I have managed to keep it a secret all that time. However, now that we are so close I could barely contain my enthusiasm as the balloon inside me was so close to bursting. The questions that Simon posed popped that balloon!
.
Member Since September 2013 - Comments: 154 - Articles: 1
1:47 PM, 12th March 2015, About 11 years ago