Decorating while tenants are in the property

Lovem

I thought we were doing a good thing for the tenants sake. Not running to the court after the fixed term ends. However, after posting on here. That was the wrong attitude to take and if needs be we will seek court possession without any delay the following Monday.

Guest101

Lovem wrote: »

I thought we were doing a good thing for the tenants sake. Not running to the court after the fixed term ends. However, after posting on here. That was the wrong attitude to take and if needs be we will seek court possession without any delay the following Monday.

Why would you 'run' to the court, you need to serve s.21 first, then you can apply, then wait 12-16 weeks for a court date. Then go to court, then wait 14-28 days, then get bailiffs, then wait 4-6 weeks.....

Pixie5740

Alternatively you could just talk to the tenants.....

I got the impression from your posts that you can't afford to have the property sitting empty since you can't (or perhaps it don't want to) give a rent reduction if you decorate with the tenants in-situ. Maybe I got it wrong.

If you sell to another landlord having tenants in-situ might be more of a selling point that some redecorating. If your market is predominantly people looking to buy a home then having to wait for tenants to leave could put potential buyers off. Know your market and act accordingly.

getmore4less

Lovem wrote: »

All I have asked is about decorating that is it. So yes! I didn't think though before posting on here.

I don't mean the decorating,

I mean the whole selling process, target market, staging to sell, impact of the tenant being in place legalities of the tenancy agreement etc.



Remember the tenant may know their rights and will be as nice as anything while they know you don't understand that when you ask them to leave they can just stay put until they want to leave.

sparky130a

Lovem wrote: »

I thought we were doing a good thing for the tenants sake. Not running to the court after the fixed term ends. However, after posting on here. That was the wrong attitude to take and if needs be we will seek court possession without any delay the following Monday.

Oh !!!!!!. Just speak to your tenant!

In my experience the one thing people hate is lack of communication.

It really is that simple.

fairy_lights

Lovem wrote: »

I thought we were doing a good thing for the tenants sake. Not running to the court after the fixed term ends. However, after posting on here. That was the wrong attitude to take and if needs be we will seek court possession without any delay the following Monday.

I hope you actually speak to your tenants before doing that! If you go back on your gentleman's agreement about letting them stay on and suddenly try to turf them out things are going to get really ugly, really fast.

Lovem

sparky130a wrote: »

Oh !!!!!!. Just speak to your tenant!

In my experience the one thing people hate is lack of communication.

It really is that simple.

I have!!!! Yet that was not good enough apparently

getmore4less

Lovem wrote: »

I have!!!! Yet that was not good enough apparently

You have missed the point,

It MAY not be good enough you won't know till you ask them to leave.

If it is after you have a buyer they may realise that won't come along in a hurry while they are there.


They may be happy with a rolling unknown as they have options and if the rent is below market anyway they will be happy to stay.

I think it may be worth having a investor sale as your backdrop.
if the place is a good rental and the yield is right there will be someone out there that will buy it relatively quickly.

What gross yield do you get on your asking price?
What gross yield would a landlord be getting at full market rent?

Guest101

Lovem wrote: »

I have!!!! Yet that was not good enough apparently

You really don't get it.

You offering them a monthly tenancy is not anything they would not have received anyway, by law.

Tyler119

I think the OP should simply stop replying to any comment; including this one. It is clear from the original post that there was no intention on his part to create issues for the tenants. The tenants it seems also had 1st refusal on purchasing the property. It can be concluded that they are aware that the OP is / has to sell the property. Clearly for the tenants this is not ideal, however within the rental market, is not an uncommon situation to arise.

The OP's best course of action will be to:

1- Speak to the tenants as it appears the OP has a good relationship with them
2- Decide who the property is marked to, landlords or home buyers. Landlords may be a tricky one, depending on how much below local market rates you have charged the tenants
3 - Speak to tenants regularly with updates on the situation of selling. Good communication coupled with a good time frame for any changes is a positive way forward to allow them to make plans for a changes that will affect them
4- Depending on how things go with the agreement, just follow the rules / be reasonable and things will likely be fine.
5 - Most importantly, think twice about posting here again.....the advice is at times not given out in the most helpful tone. It is not that people intentionally want to rub anyone up the wrong way, it just kind of happens. Everyone word typed is open to be jumped faster than a cheetah on its next lunch

Finally good luck and I hope the LL experience ends positively for you and the current tenants.