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Tenants won't leave property we're buying..

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Comments

  • TripleH
    TripleH Posts: 3,188 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    My sympathies to you Tatters26.
    I see nothing to indicate this is not a massive rooster up by the landlord.
    I'm sorry you have wasted money on this (I have done that recently but in different circumstances). It might now be the time to walk away, relax for the rest of the week and maybe start afresh on Saturday.
    I expect there may well be properties coming back on the market on Friday that failed to meet the stamp duty window so don't give up hope just yet.
    May you find your sister soon Helli.
    Sleep well.
  • Tatters26 said:
    GDB2222 said::

    If it were me in your position, I would try one last throw of the dice:

    1. I'd reduce my offer for the property by £5k.

    2. I would tell the sellers that I will offer the tenants that  £5k in cash if they will move out in one week, so the purchase goes ahead.

    3. I would suggest to the sellers that it would actually be more sensible that they offer the tenants £5k to move out, in which case you'll go ahead at the agreed price.

    Obviously, adjust the £5k figure appropriately, so as to make the tenants think more than twice before rejecting it, but you don't have to set them up for life. 

    Also, given the sunk costs you have had, you might offer to contribute £1-2k on top of the £5k, out of your pocket.  The worst that happens is that your seller tells you to get lost.


    I think as a roll of the dice at the end we would suggest this, might as well ask. It may be that they cannot take it but I'd rather they turned it down than it wasn't offered. I wouldn't be sure what best way to do it, in terms of getting the money to them but that's a question I guess if they'll accept it. 
    If offering cash I would suggest offering to pay the forward deposit (and one month's rent or whatever) directly to the estate agent and the rest after they have given vacant possession.

    Or the total sum upon giving vacant possession.

    I wouldn't be giving them any cash payment before they have followed through on leaving.

    Regardless, £5k may sound appealing but not if there isn't anywhere on the market for then to rent that's suitable
    Would you move out of your home for £5k.
  • GDB2222 said:
    Tatters26 said:

    I'm resigned to it not going ahead, we both are. I'm hoping that the tenants do find something themselves, the EA seems convinced they are "nice people" and are genuinely looking, as opposed to not looking and waiting for council,  but we'll have to wait and see. It's just so up in the air and you have zero power or control as the buyer, and also a lack of visibility. It's just a case of waiting for the phone to ring. 

    I'm really sorry, but I've skipped several pages of this thread, so you may have already considered the following:

    If it were me in your position, I would try one last throw of the dice:

    1. I'd reduce my offer for the property by £5k.

    2. I would tell the sellers that I will offer the tenants that  £5k in cash if they will move out in one week, so the purchase goes ahead.

    3. I would suggest to the sellers that it would actually be more sensible that they offer the tenants £5k to move out, in which case you'll go ahead at the agreed price.

    Obviously, adjust the £5k figure appropriately, so as to make the tenants think more than twice before rejecting it, but you don't have to set them up for life. 

    Also, given the sunk costs you have had, you might offer to contribute £1-2k on top of the £5k, out of your pocket.  The worst that happens is that your seller tells you to get lost.


    How will £5k help them? 

    If they can't afford the deposit for a private rental, £5k would go a long way!
    Where does it say they haven't got any money?

    or are you assuming because they rent they are poor? 
  • @Tatters26 you have my sympathies I expect you are gutted. What an incredibly enraging situation for you. I agree if the tenants are showing no signs of going willingly it’s time to look at a different house. 
  • Owleyes00 said:
    it’s time to look at a different house. 

    3 viewings booked for tomorrow, 2 are empty and ready to be purchased if they're right. We have to be careful not to panic-buy or just buy anything we see, but properties are still out there and 2 of these 3 are particularly nice. One is in the "worth-viewing" category.

    In regards to the S21 info people have asked, I was just told by EA that what was sent to the tenants "wasn't valid and done correctly" and the seller/ landlord has now been advised how to issue it correctly. I haven't seen documents or know the in's and outs. I did see a letter a few weeks ago that was very basic, stating they want the property back on 28th Sept. 

  • Tatters26 said:
    Owleyes00 said:
    it’s time to look at a different house. 

    3 viewings booked for tomorrow, 2 are empty and ready to be purchased if they're right. We have to be careful not to panic-buy or just buy anything we see, but properties are still out there and 2 of these 3 are particularly nice. One is in the "worth-viewing" category.

    In regards to the S21 info people have asked, I was just told by EA that what was sent to the tenants "wasn't valid and done correctly" and the seller/ landlord has now been advised how to issue it correctly. I haven't seen documents or know the in's and outs. I did see a letter a few weeks ago that was very basic, stating they want the property back on 28th Sept. 

    Just make sure that you check whether the empty properties are being sold by executors and, if so, whether the Grant of Probate has been issued yet.   If the properties are empty because the tenants have already vacated, then that's good!

    As a previous poster pointed out, the S21 doesn't end the tenancy whether valid or not.  It would not benefit you even if the landlord did issue it correctly.  You would still have to wait until the tenants were evicted by the courts.
  • Tatters26 said:
    GDB2222 said::

    If it were me in your position, I would try one last throw of the dice:

    1. I'd reduce my offer for the property by £5k.

    2. I would tell the sellers that I will offer the tenants that  £5k in cash if they will move out in one week, so the purchase goes ahead.

    3. I would suggest to the sellers that it would actually be more sensible that they offer the tenants £5k to move out, in which case you'll go ahead at the agreed price.

    Obviously, adjust the £5k figure appropriately, so as to make the tenants think more than twice before rejecting it, but you don't have to set them up for life. 

    Also, given the sunk costs you have had, you might offer to contribute £1-2k on top of the £5k, out of your pocket.  The worst that happens is that your seller tells you to get lost.


    I think as a roll of the dice at the end we would suggest this, might as well ask. It may be that they cannot take it but I'd rather they turned it down than it wasn't offered. I wouldn't be sure what best way to do it, in terms of getting the money to them but that's a question I guess if they'll accept it. 
    If offering cash I would suggest offering to pay the forward deposit (and one month's rent or whatever) directly to the estate agent and the rest after they have given vacant possession.

    Or the total sum upon giving vacant possession.

    I wouldn't be giving them any cash payment before they have followed through on leaving.

    Regardless, £5k may sound appealing but not if there isn't anywhere on the market for then to rent that's suitable
    Would you move out of your home for £5k.
    What into another home that I could be potentially be evicted from through no fault of my own? Nope.
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