Buying property with Tenants and want rent increased before complete on purchase
Tax Planning and Financial

AW_401
AW_401
0 Thanks
8 Posts
16 years ago
0
Hi
We are buying a property which we would thought would be vacant but now turns out the vendor wants to sell with tenants in situ. They seem nice enought (although their English is limited as they are Lithuanian, so haven't had an in deepth conversation with them.) The rent they are paying is very low so we would want it increased by about £25 pcm prior to us completing on purchase ie current landlord to put up rent. How should we handle this and what time period do we need to allow for increase to be accepted and in place? We don't have copy of tenancy agreement yet. Thanks,

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.