vacant possession

davidmcn

Indeed, I don't know why everybody is going on about tenants when (so far) the OP isn't even aware of there being one.

The wording merely sets out the entirely standard expectation of what the position ought to be at completion.

greatcrested

Presumably the OP has viewed the property? And therefore knows whether there is or is not a tenant?

In my initial reply I briefly warned of issues if there was a tenant, just for completeness of answer to the question about 'vacant possession. But as david says above, others seem to have taken the worst case interpretation firstly that there is a tenant  and now even that the purchase has completed such that the OP is now a landlord!

There is no indication that either is in fact the case.

GDB2222

lillypoo said:

well .... heres hoping there isnt a tenant then lol

Let's get back to basics. Have you viewed the property? Was there anyone living there?

If someone was living there, and it wasn't the owner, don't even bother to try to buy the place.

eddddy

lillypoo said:

We understand the property is freehold with vacant possession on completion.


is this a standard statement EAs make? theres no mention of a tenant

sorry if this is a daft question. im new to this. 

It's probably just a standard statement that particular EA chooses to put on their property details.

Take a look at the EA's other property details to see if they all have the same phrase.

(Most EAs don't bother mentioning 'vacant possession', as it's generally assumed to be the case - unless specifically stated otherwise.)

lillypoo

thanks for all the replies

i havent viewed, it was something i wanted to check on before i book a viewing as dont want to drive four hours if its a red flag
cant ask EA as theyre closed but will see if they answer the phones on tuesday
quite a lot of the agents other properties have the same statement so i am hoping youre right edddy. 
will let you know once i find out. 

Falafels

lillypoo said:

thanks for all the replies

i havent viewed, it was something i wanted to check on before i book a viewing as dont want to drive four hours if its a red flag
cant ask EA as theyre closed but will see if they answer the phones on tuesday
quite a lot of the agents other properties have the same statement so i am hoping youre right edddy. 
will let you know once i find out. 

It IS absolutely standard, lillypoo. No need to let everyone know! Most properties aren't sold with tenants in place, and all it means is that the owner will have moved out before you move in - simple as!

NameUnavailable

Tenanted properties should be marketed as for 'investment buyers' or 'BTL's' because you wouldn't get a mortgage if it wasn't vacant on completion.

It's standard wording and means what it says - but ask the agent to confirm to put your mind at rest.

greatcrested

NameUnavailable said:

Tenanted properties should be marketed as for 'investment buyers' or 'BTL's' because you wouldn't get a residential mortgage if it wasn't vacant on completion.

It's standard wording and means what it says - but ask the agent to confirm to put your mind at rest.

Just to be clear!

davidmcn

lillypoo said:

i havent viewed, it was something i wanted to check on before i book a viewing as dont want to drive four hours if its a red flag
cant ask EA as theyre closed but will see if they answer the phones on tuesday
quite a lot of the agents other properties have the same statement so i am hoping youre right edddy. 
will let you know once i find out.

It tends to be fairly obvious from the photos whether it's something being carefully presented by owner-occupiers, or something where the estate agent has had to kick the tenant's dirty socks under the bed before taking the photo.

lillypoo

thanks david. from the photos alone i would say very well presented.