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Is this a good idea letting tenant stay while trying to sell
Comments
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Just thought it would do a quick update my tenant was greateful I'm considering letting her stay at reduced rent and doesn't see any issue with staying there during the sale process. She has however asked what the price is as she would like to buy it so we are getting the estate agent around now. I feel I have a few options now and it has been good to get the views on here.Save £12k in 25 No 49
PB Win 21 £225, 22 £275, 23 £900, 24 £750 Balance Dec 25 £32.7K
Plan to move to Denmark for FIRE by Autumn 2025 “May your decisions reflect your hopes not your fears”
New diary aiming for fire https://forums.moneysavingexpert.com/discussion/6414795/mortgage-free-now-aiming-for-fire#latest0 -
Just thought it would do a quick update my tenant was greateful I'm considering letting her stay at reduced rent and doesn't see any issue with staying there during the sale process. She has however asked what the price is as she would like to buy it so we are getting the estate agent around now. I feel I have a few options now and it has been good to get the views on here.
Make sure you aren't signed up to any contract. It may be cheaper to get a surveyor to do an appraisal.0 -
There is no way I would consider a property with a sitting tenant. I can see this ending in tears."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
If the property doesn`t sell, and there is economic fallout from Brexit it will be hard to negotiate the rent back up?0
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:eek: During a viewing she may well feel obligated to point out the negative aspects of your property :rotfl:…. She has however asked what the price is as she would like to buy it...."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0
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