Buying a property with sitting tenants? Here’s what you need to know - Ashtons Legal
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Buying a property with sitting tenants? Here’s what you need to know - Ashtons Legal
On paper, buying a property with tenants in place might look like a win: immediate rental income, no need to find occupants, and a seamless investment. But with big changes coming to rental laws and increasing challenges for landlords, this type of purchase needs a hard look before you sign. What is a sitting tenant? A sitting tenant (also called a tenant in situ) is someone who is living in a property when it’s sold, and they stay put after com…
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