A guide to selling your tenanted property.

Selling a property with a tenant in situ can present both challenges and advantages for landlords. When selling a property with an existing tenant, it's essential to navigate the process carefully while respecting the rights of both the tenant and the potential buyer.

In our latest video we chat with Laura Mabin from Frettens Solicitors about this very issue which is becoming more and more common.

A significant advantage for sellers is that having a tenant in situ can provide a steady rental income during the sales process, making the property an attractive opportunity for investors who will receive rent from the day the property transacts and saves them the hassle of finding new tenants.

It is important to consider the tenant's rights and legal obligations. Landlords must adhere to specific legal requirements, such as providing notice to the tenant regarding the sale and access for viewings.

Both the tenant and potential buyers should be informed about the tenant's rights, the terms of the tenancy agreement, and any future plans the buyer may have for the property. Similarly, the seller should ensure the property is fully compliant with all lettings legislation before any sale can take place.

Clear communication and transparency are key in these situations and we can help guide you through. For more information, please call Matt or James on 01202 554470