Potentially buying a property with tenant insitu

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    #16
    All these questions should be asked during conveyancing, a good experienced solicitor will investigate it, if you have been given false information then you’d have grounds to sue. All sorts of things during the house buying process could present issues, if you take the attitude that everything is potentially fraudulent then no house sale would ever move forward. All I’m saying to the OP is that it can be fine to buy with existing tenants but investigate it thoroughly and get a decent solicitor who has experience of transferring tenants.

    if the tenancy started before Oct 2015 then the requirement was not there to supply the gas cert before the tenancy stared so cant see how that would prevent a S21 being severed.

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      #17
      Originally posted by Glover1862 View Post
      All sorts of things during the house buying process could present issues, if you take the attitude that everything is potentially fraudulent then no house sale would ever move forward.
      But buying with a tenant in situ is higher risk and should be priced accordingly.

      All these questions should be asked during conveyancing, a good experienced solicitor will investigate it, if you have been given false information then you’d have grounds to sue.
      How many years of your life will that take, even assuming you are successful?

      Not saying anything wrong with taking a punt, just make sure you go into it with eyes very wide open.

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        #18
        Originally posted by Glover1862 View Post
        All these questions should be asked during conveyancing,
        It is not a conveyancing issue; it is a purchase of business issue.

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          #19
          Most conveyancing solicitors wouldnt have a clue about the finer points.

          Comment

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