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Ending a Let.

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Author Topic: Ending a Let.  (Read 145 times)
Newbie
Posts: 6

I like property

« on: April 07, 2021, 04:18:40 PM »

Hi,
 Tenant peed us off, so decided we want to consider selling. If we give the current 6mths Covid Notice!, can we start advertising our property asap please.?
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Posts: 3963

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« Reply #1 on: April 07, 2021, 04:48:20 PM »

Nothing stops you advertising it. You could even advertise it as coming with Tenant... not as a bonus for someone, but to attract another Landlord, I mean. However, that is usually not appealing because Landlords like to haggle more than residential buyers (I feel). The real challenge for you is the buyer insisting on vacant possession and a Completion date within the 6 months... you can't control that. You can influence it, but you can't control it. If the Tenant holds on it could be 6 months to a year before you get possession.
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« Reply #2 on: April 07, 2021, 05:41:31 PM »

I would not try to market the place unless you are very confident that the tenant will move out on time.I have heard of cases where on completion day the new owners have turned up to find they can't move in,leaving them living in a hotel with stuff in storage,at the vendor's expense.Also,if you have conflict with the tenant they may rightfully refuse to allow viewings.If you sell with them in situ,a landlord will not pay the market price.I would think again.You could just get rid of the tenant and relet.     
Newbie
Posts: 6

I like property

« Reply #3 on: April 09, 2021, 04:30:04 PM »

Thank You.
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