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Property being sold cash sale. Renting over 10 years
luaive
Posts: 204 Forumite
I have been renting for over 10 years with the knowledge of the landlord that I wanted to purchase the property if it was ever to be sold. My landlord informed me that someone had offered them a cash sale (unsure of the amount they offered) I do not have a tenancy agreement but have paid rent (cash in hand) for as I said over 10 years. Do I have any rights to have a chance of purchasing the property? And if not what rights do I have if the property is sold to a new owner?
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Comments
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Nope rights whatsover2006 LBM £28,000+ in debt.
2021 mortgage and debt free, working part time and living the dream0 -
He can sell to anyone, its a shame he didn't give you the chance to offer.1
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Presumably you have not been served notice? The new owner will be your new landlord.0
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Hope he protected your deposit /declared your incomeDon't put your trust into an Experian score - it is not a number any bank will ever use & it is generally a waste of money to purchase it. They are also selling you insurance you dont need.0
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Yes you have rights.
Assuming England.
You do a tenancy agreement - either the original one carrying on as periodic, or a verbal agreement, entirely valid (bonkers i know).
If the paperwork is weak (eg deposit not protected right or no Gas safety cert) then landlord (owner i presume?? ) would find it very hard to evict you (see googling "nearly legal section 21 " ).
Selling a property does not end a tenancy nor compel tenant to leave: New owner simply becomes new landlord , yes even if outside with removal van, 3 screaming kids and hubbie going bonkers.
Has landlord served any formal notice e.g. a "section 21" or "section 8" ???
Could you look up nearly legal then tell us more about your tenancy please?
You say paying cash. Do you think landlord has been declaring ALL rent paid to HMRC?,
Artful: Landlord since 20007 -
The obvious thing to do is to ask the landlord what figure he is prepared to sell at, and then see if you can afford the same. If you can afford it, you could ask for the chance to buy, and if you can't afford it then at least you have tried.
No reliance should be placed on the above! Absolutely none, do you hear?4 -
Or start to play hardball? Read the many threads on this forum about tenants’ rights and landlord obligations, hinted at in the replies above.As your landlord if the buyer knows there is a sitting tenant who will be tricky to get rid of in case that gives you leverage to at worst, delay the sale, and at best give you a crack at buying it yourself?0
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Wrong, the poster is a tenant with a verbal agreement. Will continue to be a tenant under new ownershipjonnydeppiwish! said:Nope rights whatsover
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A tenant with an oral.agreement, but still a tenant with all the rights and responsibilties.1
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You could always suggest politely to your LL that they sell the property to you or you'll speak to the HMRC (amongst others).0
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