Regulated tenancy - right to first refusal

scouseywousey

45002 wrote: »

Hi scouseywousey im a fellowregulated tenant myself



If the property is sold to a New LL, your rights as a Regulated Tenant would continue as set out under 1977 Rent act.






Regulated tenants, have right to buy under certain circumstances

The right of 1st refusal-part 1 of landlord and tenants act 1987(as amended by housing act 1996

But there must be 2 property's owned by the same LL on sale and have regulated tenants in place for you to have the right to buy in law.

You do not have the right to buy IMHO


Nothing stopping you putting a offer in to the LL or trying to buy at auction....

Hey thanks for the help. I thought that was the case, they have 2 properties on sale and my sister lives in the other one, but has an assured shorthold, so it looks like we will just have to hope for the best, either the landlord looks favourably at us, or we get it at auction. As I say, as far as we are aware nobody has been interested, I don't know whether the estate agent is trying to push the price up. I don't understand why anyone would bid for a house when they have no idea what condition the house is in having not viewed it.

scouseywousey

Guest101 wrote: »

Indeed, but a tenancy from 1987 wouldn't magically become an AST. - just felt you were being negative when the reality is it's unlikely to happen

Thanks and you're right, of course no tenancy is infallible, but it is extremely difficult to evict us because of the terms of tenancy.

Cheeky_Monkey

It's not as uncommon as you think for a Landlord to buy a property 'sight unseen' as long as the figures stack up.

It's also not unusual for a property to be sold prior to the auction if the owner receives a high enough bid. If the property has already been entered into the auction, then the auction rules will still apply i.e. complete within 28 days or whatever. Would you be in a position to do that and, as seems likely, pay more than the guide price for the house?

scouseywousey

Cheeky_Monkey wrote: »

It's not as uncommon as you think for a Landlord to buy a property 'sight unseen' as long as the figures stack up.

It's also not unusual for a property to be sold prior to the auction if the owner receives a high enough bid. If the property has already been entered into the auction, then the auction rules will still apply i.e. complete within 28 days or whatever. Would you be in a position to do that and, as seems likely, pay more than the guide price for the house?

I think it would be a lot more difficult us to get it through auction, but it maybe the only chance we have.