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Selling my flat with a long term tenant south Manchester.

I have a flat in south Manchester (Cheshire). There has been a long term tenant in the flat, although just been signing up to 6 month contracts. I want to sell the flat as I need to lower my risk due to now family commitments. How can I sell with a tenant and as soon as the tenant knows I want to sell, I may lose them, then no income! Is there any investors who would want to buy with an already set tenant, do they exist? Unsure about the best way to go.

Asked on Jul 8 2013, Selling in Altrincham | Report content

Answers (1)

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  • Hi Alisondelacy, I would say that selling a house with a tenant already in place is perhaps one of the easiest ways to deal with buy-to-let properties. At the end of the day, any investor is going to want to be bringing money in, and that means having a tenant, so if they don't need to advertise etc, it will be preferable to them. Obviously this does not apply to everyone, and some people would rather buy a house or flat that does not have a tenant there. But if you do find someone happy to take your tenant on, it would be as simple as talking to both parties about the terms - for example if there was to be any change in rent or other charges - and then transferring the tenancy to the other landlord at the appropriate time. With regards to losing your tenant if they find out you are selling, you can always call them for a chat and let them know you are planning to sell but that you are looking for someone who would be happy to take them on as well. Many thanks, Scott

    Answered on Jul 17 2013, Report content

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