Your situation
Selling a tenanted property
Landlords are leaving the market for all sorts of reasons: tax changes, tighter rules, a mortgage that has reset, or simply having had enough. Selling with an agent usually means serving notice, waiting out the tenancy, redecorating and then paying a fee. We buy the property as it is, with the tenants staying put.
That is better for you, because there is no empty period with no rent coming in, and better for your tenants, who keep their home and simply pay rent to a new landlord from completion.
How we handle it
What happens, step by step.
- 01
Tell us about the tenancy
Rent, how long the tenants have been there, the type of agreement and whether the deposit is protected. We do not need to speak to your tenants at this stage and we will not turn up unannounced.
- 02
One visit, arranged around your tenants
If we need to see the property we arrange it through you, with the notice your tenants are entitled to. Often the paperwork and photographs are enough.
- 03
A written offer the next working day
We price the property as a tenanted investment, in writing, with a completion date, and the letter shows what we allowed for. No notice to serve and no months without rent while it is marketed.
- 04
We take over as landlord on completion
The tenancy, the deposit and the rent transfer to us. We write to the tenants ourselves, so the change is handled properly and you are not chasing anyone afterwards.
What you will need
- The current tenancy agreement and any renewals
- The deposit protection certificate and prescribed information
- Rent schedule and any arrears history
- Gas safety certificate, electrical (EICR) report and EPC
- Right to rent checks and the How to Rent guide given to tenants
- Licence details if the property is an HMO or in a selective licensing area
Do not worry if you cannot find everything. Tell us what you have and we will work out the rest with your solicitor.
Good to know
The things worth knowing before you decide.
Arrears do not stop a sale
If the rent is behind or the tenants are difficult, tell us. We have bought with arrears, with disputes and with tenants who have stopped responding. It affects the price, not whether we buy.
Portfolios and HMOs
We buy single lets, HMOs and small portfolios, including mixed use and properties in licensing areas. If you have several, one offer letter covers them all with one completion date, or staggered dates if that suits your tax planning.
Our promise
The same firm offer whatever the situation.
Below open market value, in writing the next working day, with a completion date you choose and the workings shown in the letter. No fees, a deposit paid to you on exchange, legal fees paid with our partner solicitor, and 7 days to change your mind.
See exactly how we priceAny condition. Any reason.
Questions
Questions about tenanted property sales
Not until you have accepted an offer, and we help with that conversation. Your tenants' rights do not change because the landlord changes: their tenancy continues on the same terms with us.
Related
Other situations we handle.
Find out what we would pay. Three minutes, and it commits you to nothing.
A written offer the next working day, from people you can name.