Landlord Discussion

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Re: INHERITED SITTING TENANTS

From: Mark Holloway
Date: 27 Aug 2002
Time: 22:33:13
Remote Name: 213.122.36.3

Comments

Firstly you must seek legal advice - look at our online solicitors - they are very reasonable.

Secondly, it is a matter that we come across time and time again however, I recently heard of a developr moving a sitting tenant to a new premises.

I was informed that the tenant could not refuse as the accommodation was not only superior to what they already had but was at the same rent, in the same area and so the developer got his house. A lot depends on your financial situation but a property with a sitting tenant in is still worth money and certainly worth more than 30% of the market value - get a value for it and you may find that you can sell it, pay off your loan and have enough to use as a deposit on another property - note just an idea!

Last changed: July 01, 2003