What are my rights as a sitting tenant?

What are my rights as a sitting tenant?

A sitting tenant is a renter living in a property that their landlord decides to sell. If the tenant has an ongoing contract or agreement with their original landlord, then they retain the right to live in the property when it changes hands.

How long before a tenant becomes a sitting tenant?

This is usually between six and 12 months. If you don’t renew the agreement and your tenant stays on, the tenancy arrangement becomes something called a ‘periodic tenancy’.

Can you evict a sitting tenant?

If your tenant has an existing AST, you can evict them by serving a Section 21 Notice. You may wish to do this if, for example, you wish to take up residency in the property as your principal home and your existing tenant/s refuse to vacate at a mutually convenient time.

What is the difference between a sitting tenant and a tenant in situ?

What is a Sitting Tenant/ Tenant in Situ? A sitting tenant, or tenant in situ, is a tenant already renting the property, who will remain in place when ownership is switched from the previous landlord to the buyer. In simpler terms, you are buying a house with tenants already in place.

How much less is a property worth with a sitting tenant?

As a general guide, selling a property with a sitting tenant under a temporary tenancy agreement, like an assured shorthold or periodic tenancy, could devalue your property by 20 – 25%.

Can I sell a property with a sitting tenant?

You can sell your rental property with sitting tenants. However, it’s important to remember that your tenants have certain rights. You should always inform sitting tenants of your intention to sell before putting your property on the market and explain your reasons for doing so.

Can I sell a house with a sitting tenant?

What does sold with sitting tenant mean?

In short, a sitting tenant is someone who is renting a property that the owner (their landlord) has decided to sell. If they have an ongoing agreement or contract with their landlord (the seller), the sitting tenant will retain the right to continue living in the property once the sale has been made.

How do you sell a house with sitting tenants?

Can I be evicted with no tenancy agreement?

Eviction: If there is no written contract, a landlord cannot evict a tenant through the ‘accelerated’ no-fault eviction process, which is also called a Section 21 notice.