I rent out a small house which brings in a rental return of 5.5%
I am thinking of selling it when the next tenant leaves.
Having been messed about by buyers when selling houses I lived in where with one a buyer did not sign the contract until 3 days before they were due to move in, and having sold a Commercial Property where the buyer had to pay a £25,000 Non Refundable Deposit and having bought a property in France where once a buyer says they want to buy they have to pay a 10% Non Refundable Deposit,
I wondered if I put my rental up for sale, could I ask if that could be treated as a Commercial Sale with a Contract and a deposit like a Commercial property.
The 2 bed terraced houses in this street go for rental and are usually snapped up quite quickly.
I am thinking of selling it when the next tenant leaves.
Having been messed about by buyers when selling houses I lived in where with one a buyer did not sign the contract until 3 days before they were due to move in, and having sold a Commercial Property where the buyer had to pay a £25,000 Non Refundable Deposit and having bought a property in France where once a buyer says they want to buy they have to pay a 10% Non Refundable Deposit,
I wondered if I put my rental up for sale, could I ask if that could be treated as a Commercial Sale with a Contract and a deposit like a Commercial property.
The 2 bed terraced houses in this street go for rental and are usually snapped up quite quickly.
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