Selling a House with Sitting Tenants
Published by Property Saviour
The UK's No.1 Fast House Sale Company
May 28, 2015 - Read time: 3 minutes
Are you a tired landlord who is thinking about selling a house with sitting tenants? You may not know where to start.
It can be almost impossible to sell a property with sitting tenants if tenants are not on your side. Tenants are fully aware of their rights to a quiet enjoyment of their property.
Naturally, a property that is being sold with vacant possession has a greater appeal to first time buyers and landlords alike. You could thank your lucky stars if another landlord approaches you to sell your house with sitting tenants.
Can I sell my house with sitting tenants?
The short answer is that you can sell your house with sitting tenants to a cash house buyer like us. Property Saviour specialise in buying properties with sitting or problem tenants. Make a free enquiry now for your free valuation and a guaranteed quick sale.
Offer first refusal to your sitting private tenants
If your tenants are working professionals you may want to offer them first refusal to buy your property. They may be in a position to buy your house especially if they are in love with it! It will also create a feeling of goodwill.
Forcing a tenant out of a property can be an awkward situation for both parties concerned. It is a good idea to offer the tenants a reduced rent incentive until the house is sold.
There is also the possibility of selling your property to another investor whereby the tenants remain in the house as sitting tenants. This will at least save your tenants the costs of moving house.
What are sitting tenants’ rights when selling a house?
Sitting tenants’ rights include “quiet enjoyment” of property through their tenancy agreement. This gives you very few rights to access the house without prior approval of the tenant.
At the end of an assured short-term tenancy agreement, the tenant is expected to leave if you serve them with a notice to quit. Problems arise with sitting tenants when they refuse to leave the property. The tenants can accuse you of harassment. You will have to apply for a Court Eviction Order. This is a lengthy process as the case can be thrown out if you did not serve the Section 21 notice correctly.
If your sitting tenants have a protected tenancy, it is impossible for you to evict them!
We may still be able to buy your property with sitting tenants. Click here to make an enquiry now.
When can your sitting tenants become a liability?
Your sitting tenants can be a real liability or a real asset. It depends on your relationship with them. You cannot sell a property that your prospective buyer cannot see. The tenant does have the right to refuse entry so it pays to be on their good terms. Offers of flowers or chocolates could also help to swing things to your favour.
The tenant holds the ace card – that is the tenancy agreement. You do not have a right to show your property to buyers as a landlord.
We can still buy a property with sitting tenants from you! Click here to make an enquiry now.
Who will buy my property with sitting tenants?
There are three types of investors who will buy your property with sitting tenants:
- An owner-occupier or a developer who needs vacant possession
- Another landlord who may take on your rented property with sitting tenants
- Astute investors who are looking for long term growth
Let us look at profile of each of these buyers:
- This is a buyer who is not interested in becoming a landlord. They absolutely must have vacant possession of the property in order to either live in it themselves, or to develop it and it sell it on. The tenant has an agreement with you and the new owner does not have the inclination or the legal knowledge to cancel this agreement. This developer or owner occupier will walk away at any hint that the property is already occupied with sitting tenants!
- Another landlord could take on your property on the basis that the sitting tenant is a good tenant, who looks after the property and who pays their rent on time. Buying a property with a sitting tenant is a turn-key investment for them with no void periods or repairs to do. You could approach local housing associations or the council to buy your property with sitting tenants, however, due to austerity cuts it is highly unlikely that they would be in a position to buy your house.
- Astute investors will buy your property. We buy properties with sitting tenants. We will not be in a position to buy your property at full market value because it could take us 6 months to evict your tenants. There is also a possibility that the property may be damaged when the tenants do finally vacate it. We offer a free valuation with no obligation to proceed. We also pay £500 towards your legal fees too. There are no fees to pay. All we will require is one viewing to make a decision. Enquire now.
Here are some of the benefits:
- A guaranteed sale with the certainty that will allow you to move with your plans
- Just one visit. Instant decision to buy it. All you have to do is give your sitting tenant 24 hours’ notice.
- Completion in 28 days or a timeframe to suit you.
You too can sell your house with sitting tenants the stress free way! Call us on 0113 320 6700 or make an enquiry online. We buy nationwide across England and Wales.