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Selling house with tenant in situ.

I have a house I purchased in 2000. Since 2004 it has been rented out. The current tenant has been there coming up to 2 years. The current market value is £310k, but needs some cosmetic work done. The tenant is interested in buying the place, but for £280k. Reason for sale is impending divorce, and not martial home. Is this a good idea to sell to tenant or should I try to sell with tenant in place?

Asked on Jan 6 2012, Selling in Harrow | Report content

Answers (1)

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  • It's a judgement call. If the buyers don't want to let it out their lawyer will want vacant possession before an exchange of contracts which will take time to serve notice etc. I assume they are on an Assured Shorthold tenancy and so will need a month.

    Answered on Feb 8 2012, Report content

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