vendor wants to keep the garage and rent it to us...

terryw

If the garage is completely separate from the dwelling, and if you really want the house but finances do not permit the purchase of the house and garage, it is certainly something to consider.

Perhaps an agreement to rent the garage for x years at y rent with an option to buy at £z within the x period. The main downside is that if you can't raise the finance within the time-period and have to sell, the lack of a garage could be a stumbling block in finding a buyer.

Owain_Moneysaver

The house and the garage would have to be registered separately at the Land Registry. I think, because it affects the parking provision for the house, and is creating a garage that isn't within the curtilage of a dwelling, planning permission would be required. The garage would have to have right of access over the drive, which would have to be recorded in the deeds.

I can't imagine why this would be a good idea for anyone. If the seller was offering to sell you the house and garage. and rent the garage back from you because he needed somewhere to store stuff, that might be useful in that it would give you some income (taxable, and you'd need mortgagor's permission to rent).

DRP

ticobingo wrote: »

we have been to see the house we want to buy and put in an offer - 35k lower than asking price as the house is in a real state and needs lots of work doing. The vendor has agreed to the price but wants to keep the double garage and rent it to us then let us buy it later on..i have never heard of this before and am very uneasy agreeing with it - anyone heard of this or have an opinion???

to even suggest this deal, makes the vendor sound like the kind of person who will be a nightmare to deal with.

sulphate

Absolutely would not agree to this!

CKhalvashi

Whether I'd agree to this in Georgia (where I'm originally from), and whether I'd agree to this in UK are two different things.

The main one being that no permission is needed to split a property in Georgia.

CK

witchy1066

the OP doesn't say if the garage is in a different location to the house ,if it is then this is not unusual, we rent our garage out to the lady whose house is directly facing the garage , we put our car on our drive

when we sell we will not be selling the garage with the house , we will continue to rent it

ticobingo

thank you all for input - it is all along the lines of what I was thinking - so will stick to my guns and its all or nothing or his loss!

skivenov

Reminds me of looking at a house to rent. 3 bed semi with a garden, drive and garage.

Great, somewhere to keep the bikes. The price was about right, so we were interested.

And during the viewing, I was told that the landlord wanted to keep using the garage for storage.

Errrr, so why advertise the house with a garage? I asked, whilst walking away.

xylophone

wants to keep the double garage and rent it to us then let us buy it later on..

:eek:

Blow that for a game of soldiers!

twink22

skivenov wrote: »

Reminds me of looking at a house to rent. 3 bed semi with a garden, drive and garage.

Great, somewhere to keep the bikes. The price was about right, so we were interested.

And during the viewing, I was told that the landlord wanted to keep using the garage for storage.

Errrr, so why advertise the house with a garage? I asked, whilst walking away.

Exactly the same happened to us but we weren't told until we went to use it!