Sitting Tenant Investors
If you own a property with a sitting tenant and are waiting for the property to become vacant you may be waiting for some time. With people living longer and because of the nature of a regulated tenancy there is little chance of your property becoming vacant any time soon.
A fair rent is normally around 40% of the market value and in most cases is barely enough to have essential repairs carried out which is why most properties are in poor condition. The vendor is responsible for the maintenance of the outside of the building and the sitting tenant is responsible for the internal decoration. Our company will make a cash offer for your regulated tenancy and complete the transaction in a matter of weeks. Even if your property is in a total state of disrepair we will still be able to complete a sale without having a survey carried out.
Sitting Tenants And Regulated Tenants Wanted
Even in the current climate our company is very keen to purchase as many regulated tenancies as possible in the coming years. Investing in protected tenancies is core to our residential investment strategy programmed. We have been investing in these types of properties for many years and we are always looking to add to our extensive portfolio od sitting tenants. We will purchase your property whatever condition it may be in and we will also purchase your investment property very very quickly.
Our company treats any sale with the strictest of confidence and there is no requirement on our part to meet your tenant. In a lot of instances some landlords prefer their tenants not to be disturbed or indeed cause there tenants any unnecessary inconvenience. We do not need to carry out any internal inspection and will only write to your tenant on completion of the sale.
Don't Forget We Will Pay Your Legal Fees
Don't forget we will pay your solicitors legal fees in connection with the sale and you will not need to pay any legal fees if you get in touch with us directly. also you will be pleased to know that as you are selling a property that is occupied by a sitting tenant you will not need to pay for a home information pack as these types of sales are exempt. if you are unclear about your position please call our sales team and we will be able to give you some guidance.