Sitting tenant - regulated tenancy question/views????

rrwfotr

Hi I’m considering purchasing a house at auction, and was wondering what the situation is with regards to” sitting tenants / regulated tenancies”. The house is worth approx £180 thousand on the open market.

The problem is that there is a person who occupies the property is a sitting tenant and pays approx £91.00 per week rent, well below the market rate.

My situation is that I’m a FTB with spouse who wants to buy the place to live in, we are currently renting a small one bed flat but wish to start a family in the near future? I’ve been told that it might be quite hard to evict the individual. I was just wondering on people's views that may have been in my situation in the past. Is it worth is the aggravation? If I purchase the place is there a good chance I could evict the person due to my circumstances?

Natelle_2

In my opinion the very short answer is 'Forget it'.

Your personal circumstances will not alter your chances of gaining possesion.

Look for an alternative property, there are plenty out there!

rrwfotr

Natelle wrote:

In my opinion the very short answer is 'Forget it'.

Your personal circumstances will not alter your chances of gaining possesion.

Look for an alternative property, there are plenty out there!

Hmm the reason why im intrested in this property id becuase of the loaction. Seems silly that people have these regulated tennacies which they pay next to nothing rent when the set of us suffer.

Why are they so hard to evict?

Natelle_2

rrwfotr wrote:

Hmm the reason why im intrested in this property id becuase of the loaction. Seems silly that people have these regulated tennacies which they pay next to nothing rent when the set of us suffer.

Why are they so hard to evict?

This LINK may help you.

blacksta

why dont just forget the house and save yourself all the hassell. many houses on the market

"Sometimes people see trouble and just love to enter it "

rrwfotr

I was allways told that profit was the reward of risk.....

shammyjack

Moms old cottage changed hands to a new landlord with ideas like yours, I was brought up in that cottage and Mom lived there for 46 years.

It cost the new Landlord £40.000 to get her out after his bullying tactics failed and I dragged him through the courts !

What gives you the right to take someones home just because you can afford to buy and they cannot ?

shammy

GDB2222

rrwfotr wrote:

I was allways told that profit was the reward of risk.....

Look, the tenant cannot be evicted. If he could be evicted, the present owner would have done so, rather than selling the house at a discount because there's a sitting tenant who CANNOT be evicted. See?

CANNOT be evicted, at least legally.

Actually, there's a very well-known crook recently emerged from jail who specialised in buying this sort of property and then evicting the tenants illegally. Preying on those much weaker than him. He seems to be a particularly horrible person, and I hope that you are not thinking of emulating him.

Matt83UK_2

What gives you the right to take someones home just because you can afford to buy and they cannot ?

That he bought the house perhaps, that the people in there have no leasehold agreement, etc..

If it's my house, I own it, it's mine, I should be able to do what I like with it within reason. These people that are "renting" thinking they should be able to continue paying XYZ below going rates because they've been there for years just doesn't make sense, they made the to choice to rent rather than buy afterall. They should be just as subject to the market conditions of rising property values and fluctulating interest rates (perhaps not on a month-to-month basis, but at yearly rent rate reviews etc..) like the rest of us.

Fair notice of the rate increase inline with the going rate should be served first, maybe that will do the trick.

shammyjack

Moms rent was regulated under the Fair Rents Act by Local Authority Assessment . The new Landlord knew this and all the facts but thought he could do a " Rackmann " !

Mom is now enjoying the fruits of his folly in her old age .

Lifes tough innit !

shammy

rrwfotr

shammyjack wrote:

Moms rent was regulated under the Fair Rents Act by Local Authority Assessment . The new Landlord knew this and all the facts but thought he could do a " Rackmann " !

Mom is now enjoying the fruits of his folly in her old age .

Lifes tough innit !

shammy

The local authority are usally in on the "system" (i.e not setting the rents to PROPER MARKET RATES), because if a evition nottice is served the tennant will go cap in hand to them asking for state handouts. It seems a big scam really. Feel sorry for the landlord really as they have to keep the up keep of the property for peanuts in rent.