Selling property with tenant on periodic tenancy

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    #16
    You don't have to do anything, the new landlord does. Of course, with a T in situ your buyer won't be able to get a residential mortgage, so that may rather limit your market.

    I would have thought the cost of evicting to be worthwhile.

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      #17
      No need to start another thread for this as it is relevant to your previous one. However, I am sure mods will pick up and move in due course.

      You will be limiting your market to investment buyers, and they want a cheap purchase for best return, so you will also be limiting the price/offers you will get. The new LL will be bound by the existing agreement for the tenant and have to honour it - some like to choose and vet their own tenant, so you are also limiting your market here too.

      No-one will be able to exchange on purchase with a residential mortgage unless you can confirm vacant possession, so it will deter owner-occupiers.

      Your tenant can also obstruct viewings, make the place less than presentable - dirty dishes in the sink, last nights curry smells and unhoovered carpets - not a good look for someone viewing to buy is it? They can tell viewers anything they like - the place is horrible to live in, damp, noisy neighbours etc, and paint a very bad picture of your property if they so choose. Do you think this tenant is going to do you any favours??

      Depends on how much you want for the place and how quick you need to sell, but trying to market with a tenant in place is never easy ...

      Why are you so reluctant to go for eviction?

      Comment


        #18
        I suppose I was looking at all options available to me I also hate the fact she is forcing me to evict her, she has brought out the very worst in me!!! You have given me a lot of food for thought though and I think you are right its going to be better to sell when she is out, one last question; can I get all my cost back for the eviction/bailiffs?

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          #19
          Two related threads have been merged.
          I also post as Mars_Mug when not moderating

          Comment


            #20
            Originally posted by tinks View Post
            one last question; can I get all my cost back for the eviction/bailiffs?
            You "can".
            Will you? Who knows.
            Allow tenants to protect their own deposits. I want free money when they do it wrong

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