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selling rented house


joan1957

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Assuming the property is let on an assured shorthold tenancy you can terminat the contract at the end of the fixed term by giving the appropriate notices. There is no obligation on you to find the tenant alternative accommodation if you want to sell - just imagine every landlord would have to so the same every time they end a tenancy!

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If your tenant is on an AST then the minimum notice you can give is 2 Months. It is sometimes better to give as much notice as possible in order for your tenant to find another suitable rental property but I would suggest 3 months maximum. Getting your property back should be your main priority rather any minor rent loss in order for you to get the property ready for the selling market.

Be absolutley 100% correct in the documented procedures for giving notice to your tenant.

Mel.

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Can i also suggest that you do not have to wait until the end of the tenancy to put the house on the market. Obviously, it does make it a bit trickier when you have a tenant in situ - but you never know - depending on the property you may be selling to another investor? If that is the case you have a ready made package so sell now! (but do tell the tenant!)

Another thought - do you think your tenant may want to buy from you? Might be worth asking the question - if you are not going to renew her contract next year you have nothing to lose

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  • 2 weeks later...

Worth remembering...

1) Tenant may object to showing agents / potential purchasers around the property - and has the right to refuse.

2) You can serve your section 21 notice but it doesn't mean she will go on the due date. Getting a possession order takes time, the judge will give extra time, and then you may have to organise bailiffs - more time. It would be almost impossible to guarantee a tenant-free handover date without allowing months of lee-way!

If you sell / complete before she goes then you don't have to find alternative acommodation - she will simply stay put and your purchaser will become her landlord. This may cause you legal problems with the purchaser.

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