To cut a long story short.
My parents purchased the house they live in from Cork Co.Co. around the mid 70's
My father passed away in 87.
My mother passed away last September.
The house was left to the 4 of us and will be going for sale very soon.
The question is something I am slightly confused over.
Our Solicitor said something about the tenant purchase rules it was purchased under. (something to do with the 1965 act ) ??? << I could have that worded wrong.
But according to her, because my parents bought it from the council, when it is being sold it can only be sold to an occupier, who apparently must sign a declaration that it will be their sole residence.
But apparently if and when they would sell it, a property developer could buy it and rent it out.
Sounds confusing to me, but again I never had any dealings of this.
I know, it should be a case of ask her again, but she s extremely loud and fast talker. I find it difficult to understand her terminology at times.
Anyone in the knowledge of this?
Thanks
My parents purchased the house they live in from Cork Co.Co. around the mid 70's
My father passed away in 87.
My mother passed away last September.
The house was left to the 4 of us and will be going for sale very soon.
The question is something I am slightly confused over.
Our Solicitor said something about the tenant purchase rules it was purchased under. (something to do with the 1965 act ) ??? << I could have that worded wrong.
But according to her, because my parents bought it from the council, when it is being sold it can only be sold to an occupier, who apparently must sign a declaration that it will be their sole residence.
But apparently if and when they would sell it, a property developer could buy it and rent it out.
Sounds confusing to me, but again I never had any dealings of this.
I know, it should be a case of ask her again, but she s extremely loud and fast talker. I find it difficult to understand her terminology at times.
Anyone in the knowledge of this?
Thanks