Hi,
I am just about to purchase our first investment property. The house is currently let to the local council since 2016 and that lease is up in December 2021. Can anyone give me an idea how this would normally proceed and any pitfalls to watch out for.
I will take ownership before the current lease ends and I have spoken to the council about entering into a long term lease of the property.
I'm just a bit unsure of how the existing tenant works in this situation.
Thanks in advance
D
I am just about to purchase our first investment property. The house is currently let to the local council since 2016 and that lease is up in December 2021. Can anyone give me an idea how this would normally proceed and any pitfalls to watch out for.
I will take ownership before the current lease ends and I have spoken to the council about entering into a long term lease of the property.
I'm just a bit unsure of how the existing tenant works in this situation.
Thanks in advance
D