Get councils agreement in writing if you are basing your purchase on this factor.Have approval
I've seen the current 5 year lease which is termed as tenancy with no availability control for housing authority at end of tenancy.
I have verbal agreement with the council that they will take a 20 year lease when we purchase.
Have approval
I've seen the current 5 year lease which is termed as tenancy with no availability control for housing authority at end of tenancy.
I have verbal agreement with the council that they will take a 20 year lease when we purchase.
Yeah I considered this, lve done as much research as I feel possible on it. House is kept well and it's in a reasonable areaI'd wonder is vendor selling due to problems with occupants?
This is my next step this week, I'll be trying to get something solid in place before I sign for the property.Get councils agreement in writing if you are basing your purchase on this factor.
Is the tenant on RAS or HAP if yes you are still the landlord. If you are leasing long term to council (10 or 20 yr lease) you have no choice who goes into property but you are not landlord council is.This is my next step this week, I'll be trying to get something solid in place before I sign for the property.
My main concern is buying the property with the existing tenants still in place. Was wondering if anyone had a similar experience. I'm hoping the council will be willing to leave the current tenant in place and renew a new lease.
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