Buying family home from property trust

dandsp

My Mum recently passed away. She had been a sitting tennant in a property since 1953. We, as a family are still paying rent on the property and would like to buy it as it is the family home. We have been asked to make an offer. No one had lived in the property with mum for the last few years so we know that succesion to tenancy does not apply, but wondered if there may be any other rules or laws that may apply that could get us a reduction in the purchase cost.

An advisor refered to something called grandfather rights, which I have searched but can't seem to find anything relavent.

Can anyone advise please!

PasturesNew

Grandfather rights are to do with whether you have the right to "inherit" the tenancy - and thus move in and live in it, with full "for life" type of rights that your mother seems to have had, at possibly a low rent. You need to find out what her agreement allowed her to do ... and you to do; you need to get a copy of it.

Sometimes, these old places could literally be handed down the generations, in which case you'd be a "sitting tenant" and the property would be worth possibly as little as half what it would be if the trust are just letting you buy it at full market price.

Succession of tenancy, with a limit of one succession, tends to be relevant to council properties. As your mum's was a private organisation it's rules will be different.

I didn't explain that very well did I. I know what I meant!

But the bottom line is: every agreement will be different, you NEED to get a copy of your mum's actual agreement.