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Found a flat I want to buy, but need to become a landlord first
Comments
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Either walk away (which would be my preferred option!), or see if there's any scope for the LL to negotiate with his T to leave early - for example, whilst the T is legally entitled to stay the next 10 months, the T might be happy to leave in exchange for a cash sum from the LL.
However - I'm curious as to how come you found this great value flat. Was it being advertised for rent and for sale at the same time? If so, the T has the right to be somewhat disgruntled over the whole affair.0 -
Thanks for everyone's great advice and guidance on this. Sadly, it sounds like I'll have to give the flat a pass
Oh well, the hunt continues!
However - I'm curious as to how come you found this great value flat. Was it being advertised for rent and for sale at the same time? If so, the T has the right to be somewhat disgruntled over the whole affair.
No, I don't believe so. It's only recently been on Rightmove as a sale. The LL agreed a tenancy in May and has now decided to sell the lease. That's what the agent says anyway.0 -
morpheus953 wrote: »Thanks for everyone's great advice and guidance on this. Sadly, it sounds like I'll have to give the flat a pass
Oh well, the hunt continues!
No, I don't believe so. It's only recently been on Rightmove as a sale. The LL agreed a tenancy in May and has now decided to sell the lease. That's what the agent says anyway.
Sounds like the good old having your cake and eating it!
LL wants to sell, but doesn't want to leave the place empty and lose rent, so ties up a new tenancy, then tries to sell the place with tenant.
I would give it a miss. You want a place to live in for yourself, you don't want to become a landlord with all the hassle, grief and extra expense that would entail.0
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