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Property being sold cash sale. Renting over 10 years
Comments
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I presume the question was whether they have any rights to require the landlord to sell to them instead, or otherwise to object to the landlord selling their interest. To which the answer is (almost certainly) no in both cases.7
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I'm going to guess no deposit paid. I think as several have speculated in this kind of scenario - cash - no formal T/A the landlord may be hiding something. Could be the income from the taxman, could be the renting from the mortgage provider, could be both. Could be something we've not considered like child support, or alimony. I'm not sure how things will work out if you try and threaten the owner with blabbing though. You know the landlord, what do you think?
Mr Generous - Landlord for more than 10 years. Generous? - Possibly but sarcastic more likely.2 -
No, inform HMRC eventually anyway. The country needs the tax income.6
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Hoenir said:You could always suggest politely to your LL that they sell the property to you or you'll speak to the HMRC (amongst others).
No reliance should be placed on the above! Absolutely none, do you hear?2 -
Surely informing mssrs HMRC of probable tax fiddling is a citizen's duty?
The government provide a simple online way of telling HMRC for gawd's sake! see
https://www.gov.uk/report-tax-fraud
similarly benefit fraud...
Artful: in receipt of 6 benefits, thank you you generous tax payers you....
(£25 to an agreed charity if anyone can provide evidence of a conviction in circumstances such as GDB is hinting at...)4 -
theartfullodger said:Surely informing mssrs HMRC of probable tax fiddling is a citizen's duty?8
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AlexMac said: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?
'I am looking forward to meet my new landlord, but in the circumstances I think we should formalise our current verbal tenancy agreement in advance, then it will be a smooth takeover'
LL might realise it will not be all plain sailing, and wonder whether it would actually be better to sell to the sitting tenant in the end.
In reality I guess the conveyancing/sale to the current buyer, will raise the issue of there being no official written tenancy agreement anyway?
Ps and this definitely is not blackmail, just a reality check .1 -
Albermarle said:AlexMac said: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?
'I am looking forward to meet my new landlord, but in the circumstances I think we should formalise our current verbal tenancy agreement in advance, then it will be a smooth takeover'
LL might realise it will not be all plain sailing, and wonder whether it would actually be better to sell to the sitting tenant in the end.
In reality I guess the conveyancing/sale to the current buyer, will raise the issue of there being no official written tenancy agreement anyway?
Ps and this definitely is not blackmail, just a reality check .
luaive could you kindly advise please??
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theartfullodger said:Albermarle said:AlexMac said: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?
'I am looking forward to meet my new landlord, but in the circumstances I think we should formalise our current verbal tenancy agreement in advance, then it will be a smooth takeover'
LL might realise it will not be all plain sailing, and wonder whether it would actually be better to sell to the sitting tenant in the end.
In reality I guess the conveyancing/sale to the current buyer, will raise the issue of there being no official written tenancy agreement anyway?
Ps and this definitely is not blackmail, just a reality check .
luaive could you kindly advise please??
Good point, quite a few tenants think they have no T/A after the initial period.
Mr Generous - Landlord for more than 10 years. Generous? - Possibly but sarcastic more likely.2
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