FTBs - How much overlap did you have between tenancy and completion?

harshitguptaiitr

Asking all home owners who were tenants before they bought their current house as FTBs.

What was the overlap between completion and end of tenancy?

As a FTB (Waiting to exchange), I intend to give notice to my landlord on date of exchange.
However my one month rolling tenancy term is that my notice period should end at the end of tenancy month.

So I wanted to know what is general practice - do you keep four weeks between exchange and completion to minimize paying for 2 properties at the same time?

Tygermoth

We gave notice on exchange but the date we agreed was the same date the notice would have been due - so we ended up having the house and the rental overlap for a month.

But we budgeted for that also it made everything SO much easier. The prev owners had a meltdown on competition day and their booked removals didn't turn up they got some cowboys in who dropped a sofa down the stairs and smashed through a wall.

We also had an offer for a professional clean on the new house via our removals and it was a bargain so they spent a few days scrubbing the house spotless, doing the oven and hovering up all the dust bunnies.

It also gave us the chance to clean the rental so that you could eat off the floor. We have pets so they had a HUGE deposit off us and we didn't want them to be able to take any (they still did but £65 only for repainting a wall where a computers output fan made a mark that wouldn't clean off)

Being the house had a large leak in a pipe buried under the concrete kitchen floor there was mould and damp everywhere - and the were blatant that they were looking to hold on to the deposit - i consider that a win

All in all the overlap made everything relaxed and calm

tori.k

We are also keeping our rental for a months overlap giving us chance to do some decorating, clean and carpet the place.

PawelK

I hope to have a months' only. My tenancy says "the tenant must give one months notice to quit the tenancy agreement" so I'm not 100% sure if it counts from the day it's given or from e rental period which in my case is 28th. It's probably worth mentioning that my original six months tenancy ended back in September 2016. I'm also waiting to exchange.

LKRDN_Morgan

I've got a 5 day overlap. Plenty of time for me to get moved out and the place cleaned. Didn't want any longer than that. Just want it done and handed back so I can concentrate on my new place

exiled_red

We bought the flat we were renting from the landlord, so it wasn't an issue

kilby_007

Our new place will need a rewire, new bathroom, kitchen, walls knocking out, etc so our rental will overlap for about 3 months.

Ithaca

We did two weeks, meant we could move ourselves so saved a bit on moving costs, and it took all the pressure off. Was also useful having an empty house to do essential DIY / decorating and being able to leave everything in place (ladders, paint tins etc) and drive home to sleep.

LuckyG

We exchanged just in time to give our 1 months notice from July.
I wanted to wait until we had exchanged first so we would have a definite completion date before giving notice.

So it's been a month for us, exchanged on 21st July with a completion date of 28th July. We then gave notice on our tenancy on 23rd July.

We are currently running 2 properties but it's only for 1 month.

This is working out well for us though, we now have time to do some decorating in our new house before moving our furniture.

htaylor16

We've just moved. Gave a months notice but stipulated that it could be extended as we were buying a new build and we only get two weeks notice to complete. We moved out on 27th and today (31st) I'm giving back the keys. The agents are doing all the cleaning (carpets, windows, oven etc) which will be taken out of the deposit but because we're udinv the agency contacts all problems with cleaning will be down to them to sort. It also means we'll get our deposit back much quicker I hope. So basically a few days overlap

LandyAndy

Not a FTB. I was in rented after selling my previous property.


Gave notice the day after exchange and then had a ten day or so gap until completion so the best part of three weeks overlap. Continued to live in the rental for most of that time as it made decorating in the new house much easier without furniture. It helped that the two houses were only 100yds apart.