elderly parent in sheltered housing

blackberrycurved_2

Not sure if this is the right forum thread.

I own a flat that I bought because my mother sold her house and had negative equity which meant she couldn't afford to buy one herself.
Now she wants to go into sheltered housing and I don't know whether to keep the flat in case she hates it. I'd have to rent it out and I'm not sure I'm clever enough to sort through the legality of that. Plus an estate agent I've spoke to says a 12 month lease is the minimum that most people will go for.
So is it better to sell it and bank the money and then if she hates the sheltered housing I can use the money to buy her another flat.

If I do that, where would I put the money? I don't want to tie it up. It would be about £120,000.

Hope this doesn't seem a stupid question I am lying awake worry about it.

xylophone

Why not just hang on to the property for three to four months to give your mother a trial period in sheltered housing?

You would need to tell your insurer that the property will be empty.

atush

I agree, or let it to a friend on a short term tenancy.

Or, where do you live? Somewhere nice where someone would want to spend a few months on a holiday let?