Properties for sale AND Let?

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    Properties for sale AND Let?

    HI! Apologies if this is a stupid question; I am rather ignorant in terms of a property being offered for sale and for let at the same time.

    I'm a tenant currently looking for a larger rental property and I've noticed a trend in my area in recent times to place a property both for sale and for rent simultaneously (with different agents.) One of these properties I am interested in, once viewings are back on track. I am looking for something long term. When properties which are also up for sale get a tenant, are they generally withdrawn from the sales market or would I just be a 'stop gap' keeping the property occupied to avoid a void whilst the owner tries to sell? The property in question is listed as a 'long term let' on Rightmove and was listed for sale last year. It's been listed To let for around a week.

    Many thanks

    #2
    Only reason I can think of is that whilst the property is untenanted the owner puts it up for rent but also puts it up for sale at a high price just in case a buyer willing to pay the high price comes along.

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      #3
      If tenanted and then sold, the sale does not end the tenancy nor require tenant to leave.

      New owner becomes new landlord, even if outside with removals van and screaming kids. Normal eviction processes apply .
      I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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        #4
        For sale or to let = the owner really would like some cash asap

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          #5
          Originally posted by Lawcruncher View Post
          For sale or to let = the owner really would like some cash asap
          Maybe, maybe not.
          I dual list at above market average cos of the increasing risks and hassle of being a landlord
          Not bothered if it sells, rents or stays empty for a while.

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            #6
            The ones I've watched round here have been withdrawn for sale once let. Houses with a tenant in place are usually harder to sell and worth less so anyone really wanting to sell is likely to keep it empty. Worth checking with the agent though if it will be withdrawn from sale if you rent it.

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