Vendor staying on after completion

NOWSE

Ask yourself what is in it for you if you ageed. I'm not sure that you'll come up with any pluses but I can think of many minuses. The hassle, the worry and the risk are just not worth it.

oldMcDonald

What, if on the Monday, they decided not to leave the premisis? Think about it. You have allowed them access so they cannot be accused of breaking and entering or squatting. They do not have a legal lease - you would have to have a different type of mortgage if you were buying to let, or at least have the banks permission to do so on your arranged mortgage - no lease, given them permission to be there? I should imagine a lengthy court case could arise from that situation.

Where would you and your property be over the weekend (assuming it was only for over the weekend)?

Personally, I would rather not buy the property if it ended up being a choice between them staying on and selling, or them messing around and saying it is part of the sale conditions they stay on.

silvercar

if the vendor refuses to move out, you have to take them to court for vacant possession. I asked my solicitor if you could get insurance against this happening, apparently you can't.

Debt_Free_Chick

There are a number reasons why this is a bad idea, but here's one

What if there were a fire or other damage over the weekend? The vendor's insurance won't cover them - as they no longer own the house. And your insurance won't cover you, as the vendor is either a tenant or a squatter.

Don't go there ... just, don't

silvercar

The vendor is trying to have his cake and eat it. The answer is for the vendor to ask for all parties to agree to completion being delayed until Monday.