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Implications of renting a property up for sale
southernscouser
Posts: 33,745 Forumite
Can anyone give me the pro's (if any) and cons (probably plenty) or renting a flat that is up for sale?
My main areas of concern are, the owner can't afford the mortgage. Where does that leave me?
And if someone were to buy it say 1 month into a 12 month lease, what happens to me?
So many questions, so few answers.
Ta very muchly.
My main areas of concern are, the owner can't afford the mortgage. Where does that leave me?
And if someone were to buy it say 1 month into a 12 month lease, what happens to me?
So many questions, so few answers.
Ta very muchly.
0
Comments
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Doesn't sound great to me.
You move in , settle into area and then get notice to quit after 4 months and have to find somewhere else....except, next time you have the added aggro of trying to marry up the moving out / moving in dates.
You can end up paying double rent on the overlap...at the moment, you can look and bide your time. Not the same when you have notice to quit...
Wait SS...be patient...0 -
Do vendors take properties off the market if they get tennants?
0 -
You need to ask them directly. Do you really want to pay good money for a rental and then every so often, have to tidy up and let viewers tramp around it humming and hahing as to whether they buy (and, therefore, make you 'homeless')?
Living with that insecurity would drive me mad.0
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