Selling a property with a sitting tenant

Selling

f you have a genuine sitting tenant in your property, there are a number of obstacles you need to overcome before you even think about selling the property.

This creates an extremely difficult situation as the process of evicting these tenants is usually long, highly costly, and a big hassle to sort out.

What if I have inherited a property with a sitting tenant?

If you have inherited a property and discovered that the property has a sitting tenant who pays rent but will not sign any kind of agreement, then it may be worth trying to negotiate with them.

If they then decide that they wish to remain in the property and that they are happy to pay rent it might be an idea to enter into a tenancy agreement. This way, there will be a guaranteed rental income every month.

If however, the situation goes the opposite way and the tenant is causing problems then you need to contact a solicitor who will be able to advise you how the entire process will work.

How to sell a property with a sitting tenant

 Firstly, you need to be sure that the letting agreement includes a right for you to show potential purchasers around the house. This right is not implied and without it you must get vacant possession before you even put the house on the market.

There will, of course be a time period between the tenant leaving and the completion of the sale.

The only guarantee you have that the sitting tenant will actually leave on a particular date is the guarantee that on that date you find they are gone. Landlords find that most sitting tenants do however, become nightmares once they find out that the property is being sold from under them.

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