Selling property – tenant still in residenceMake Text Bigger
I am selling one of my properties to release some capital.
The tenant is the daughter of one of my friends and moved in without a deposit and below market rent and has been a good tenant to date. Before I get estate agents involved I am offering the property to the tenant at a discount
I have drafted the following letter and your thoughts would be appreciated on the wording:-
I am writing to let you know that I have decided to sell XXXX and will be putting the property on the market in the very near future. Your tenancy still remains in effect and rent is still due and payable.
Before I place the property on the market I know you have expressed an interest in the past about purchasing the property and I am prepared to offer it to you to purchase for up to £10,000 less than the asking price depending on the Estate Agents valuation. Please let me know before the 28th January 2014 if you are interested in purchasing the property.
I am not asking you to relocate until any possible future sale progresses. It could be I will not sell the property this year or I might be able to sell the property onto another landlord.
Whilst in residence I would appreciate your cooperation with the presentation and access to XXXXX for potential purchasers.
The Estate Agent will not be given keys to your home. The Estate Agents will be asked to liaise with you to arrange times and dates that are convenient for you to allow potential purchasers to view the property. Once I appoint an Estate Agent I would appreciate your co-operation in allowing the selling agent to measure and photograph the property and to show the property to potential purchasers with advanced telephone notice.
If you remain resident and the rent remains up to date until such time you may have to vacate due to an imminent sale I will be able to help towards your moving costs and contribute towards any deposit on a new property as recompense for any inconvenience caused by the viewings and moving. You can discuss this with me or XXXX nearer the time.
If you would like to speak to me about this letter feel free to phone either XXXX or I at any time.
What are your thoughts?
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