BAS Posted August 4, 2006 Report Share Posted August 4, 2006 We have a property with a long standing tenant on a regulated tenancy, we are selling the property, do we have to offer the property to the tenant first before putting it on open the market, if so do we have to discount the purchase price? Link to comment Share on other sites More sharing options...
Melboy Posted August 4, 2006 Report Share Posted August 4, 2006 I believe you do if the Tenant has occupied for more than 7 years......... could have changed the rules or I could be wrong! Link to comment Share on other sites More sharing options...
guildofresidentiallandlords Posted August 5, 2006 Report Share Posted August 5, 2006 Not sure of the exact circumstances, but by the sound of it, there is no requirement to offer the property to the tenants under the Rent Act 1977 (which is where the tenancy is regulated). The rule of offering the freehold of properties for sale to tenants is where they are on a long leasehold e.g. a 999 year lease on a flat for example where in reality they are the owners of the property if not the owners of the actual freehold of the building itself. Hope this helps Adrian Thompson Guild of Residential Landlords Link to comment Share on other sites More sharing options...
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