Sell A Tenanted Property in Bristol.

Yes, it is legal to sell a house with tenants in situ. However, there are specific rules and regulations you must follow to preserve the rights of your tenants and ensure fairness. These include: 

• You must inform the tenants of your intention to sell.
• You must ask the tenants if they would like to remain tenants after the sale. 
• If so, you must transfer the current tenancy agreement to the new provider. 
• The tenant’s deposit must remain protected in a government-approved tenancy deposit protection scheme.
• You must inform the tenant that viewings are going to take place with at least 24 hours’ notice.

It doesn’t have to be. It is estimated that selling your house with a tenant in situ can devalue your house by as much as 20-25% when selling through regular channels. However, We Buy Any Home will buy your house as-is, with tenants in situ, for between 10-15% under market value, meaning you gain the additional 5-10% difference, and have the funds in your account in 7 days! If you’re selling with tenants in situ, selling with We Buy Any Home is a no-brainer.

You cannot. This is considered illegal eviction and is a criminal offense.

If you want to evict a tenant, you need to follow the correct procedures. If you want to sell a house with a tenant in situ, you need to follow the correct procedures.

You need to give your tenants at least 12 week’s notice if you intend to sell the property they are renting.

Check the contract you have with your tenant. It may have a clause in there stating that they need to oblige to any viewings of their home with reasonable notice.

However, if there is no such clause in their contract, then a tenant can reasonably refuse a viewing if it is causing significant disruption to their life. This can be tricky as it is up to the tenant to determine what they consider to be a significant disruption.

Cash buyer property companies like We Buy Any Home can buy your home without conducting any viewings or disturbing your tenants.

A sitting tenant becomes a sitting tenant when you decide to sell the property they are renting. They can become a sitting tenant after a week, a month, or a year depending on when you decide to sell.

It can be very attractive for an investor to buy a property with a sitting tenant as it is a guaranteed rental income once the property is sold. This means they won’t need to market it themselves, conduct any renovations, or worry about finding a tenant to occupy the property. This steady rental income stream can provide a sense of financial security and help offset the costs associated with owning the property, such as mortgage payments, council tax, and maintenance expenses.

There are many reasons why an investor or landlord might look to sell a tenanted property. For example, landlords looking to reduce their portfolio, those not wishing to invest further money into property renovations, and landlords looking to relocate may all be looking to sell a tenanted property in Bristol.

Selling a property with tenants in situ can be an uncertain time for your tenants. Some cash-buying property companies or private buyers will ask you to terminate your rental agreements before selling. However, we won’t do that at We Buy Any Home. 

At We Buy Any Home, we can offer a guaranteed sale for tenanted properties. You won’t need to terminate your tenancy, make any repairs or renovations, or deal with the stress of viewings. This will allow you to move forward with the sale of your property smoothly and without unnecessary hassle.

Both are as easy as each other with We Buy Any Home! We buy your house as-is, without renovations or repairs, and with or without tenants. And, to top it off, we can buy your property with cash in as little as 7-10 working days!

Houses may be sold with tenants to prevent uprooting your tenants, to preserve rental income, or to provide a seamless transition for both the current occupants and the new property owner.