Auction property with tenant not paying the rent in full

park house

New Member
Messages
1
Hi, I just want to have a constructive input in regards to an auction that I am interested to bid on.

The Property is sold with a sitting tenant (Rent €11,400 per annum).
There is a fixed-term tenancy agreement copy that was set since 2011 with the previous owner for one year.

I spoke to Bidx1 who said according to the Bank who repossessed the property that the tenant is supposed to pay 950 per month but unfortunately is paying 277 (no reason why was provided).

I am aware that in order to terminate the tenancy you need to give notice of 224 days if the tenancy is more than 8 years. However, if the tenant is not complying to pay the total rent, is it possible to terminate the tenancy quicker within 28 days’ notice, regardless of the length of their tenancy?

Thanks
 

cremeegg

Frequent Poster
Messages
2,862
"if the tenant is not complying to pay the total rent, is it possible to terminate the tenancy quicker within 28 days’ notice"

Short answer yes.

Longer answer do your own research with RTB.

Even longer answer. If you serve a valid notice of termination, the tenant still may not move, and there will little you can do about that.
 

Feemar5

Frequent Poster
Messages
253
I would advise you not to become involved in this property. Any tenant not paying the agreed rent should be avoided. I heard a case on the radio last week where it has taken someone nearly two years to evict a tenant who stopped paying any rent - they kept appealing to the PRTB and the landlord eventually went to court which cost him a lot of money and he also had loss of rent . The tenant refused to move and the sheriff had to break the lock - eventually the Gardai were called to escort the tenant off the property.
 

Mick40

Registered User
Messages
8
Hi Op

Sorry but you posted the exact same question on Boards.ie and the responses on that site were don't touch the property. Changing to this site and you're getting the same answers so please avoid the property. You don't appear to know enough about property investment to take a risk on this.
 
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