Renter wanting to lease?

throwoff

Hi Guys,

Wierd question and one my googleing cannot provide an answer too (makes me think the answer is no, but always check with MSE is my motto nowadays!)

I have been renting a property for 18 months and have signed a further 12 month tennancy.

I am very happy there as is my wife, the landlord is great as well, any problems have been dealt with immediately.

I would like to become a leaseholder as opposed to tennant, mainly as this would give me the ability to make modifications etc to the property. Can I approach the landlord to become a leasholder?

Failing that has anyone ever approached their landlord to buy the property? Is there a good way to go about it?

ILW

A lease is just a (usually) long term rental.

throwoff

So it might be worth my while contacting the LL and saying we are very happy and would like to sign to a long term contract?

LittleMissAspie

throwoff wrote: »

So it might be worth my while contacting the LL and saying we are very happy and would like to sign to a long term contract?

Not if your aim is to be able to make changes to the house. You'll always need your landlord's permission for that. In the world of renting 12 months is already a long term contract but you can always ask for a longer term if you want. This would give you the security of knowing the landlord can't evict you during that period, but also means you are not able to leave if you need to move areas or you lose your job etc.

PasturesNew

I think that what you think you can achieve ..... can only be achieved by buying your own place. Leasing of homes isn't really commonplace ... I'm sure somewhere there's some bizarre and little-used situation where it occurs, but it's not everyday/mainstream.

Your LL presumably has a mortgage on the property - so even if you tracked down an obscure/little-used way of achieving it and even if the LL liked the sound of it, the lender is 99% unlikely to be as enthusiastic.