Would you sell to a tenant under shared ownership?
9:58 AM, 15th December 2023, 3 years ago
16
Hello, Our tenant of nearly 2 years has asked if we’d consider selling to them under shared ownership. The AST ends in May ’24.
The split would be 51/49 in our favour and they would continue to live in the house and pay rent pro rata.
I’m aware of a Gov.uk document that gives guidance for mainly housing associations type accommodation and their shared ownership schemes – but not private landlords.
Has anyone ever done this with their private tenants?
If so, would you share your experiences, pros and cons?
Thank you,
Stephen
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