Brendan Burgess
Founder
- Messages
- 52,209
This legislation is madness! - not only can the tenant get 90 days to match an offer anyone else makes, if they do match it, the landlord is obliged to let the tenant have it?It will make it very difficult for landlords to sell their properties.
Imagine if I want to buy a property.
The auctioneer says "Your offer is accepted but the tenant has 90 days in which to match your offer". I am not going to hang around.
I am sure that the tenant will often go to the court to ask for an extension or to object to a sale.
Brendan
Or can they just make offers to scupper the sale to the third party bidder?
One step away from a CPO!But the next step will be that the Government will start giving mortgages to people to buy their homes from their landlords
Its perfectly constitutional. They get a right to make an offer, and if they don't the sale proceeds as normal. All it really means is that the tenants get a right to advance notice on the sale and a right to put in an offer. If they do not or cannot make an offer that comes close to the valuation then the landlord is under no obligation to accept it.How is that Constitutional?
I don't think that's what is being proposed.It will make it very difficult for landlords to sell their properties.
Imagine if I want to buy a property.
The auctioneer says "Your offer is accepted but the tenant has 90 days in which to match your offer". I am not going to hang around.
I am sure that the tenant will often go to the court to ask for an extension or to object to a sale.
Brendan
This makes very little sense.like a few years ago I was offered my rental for purchase, and the price was determined by the landladies brother's estate agent, so the price was probably a little higher than it would have been on market.
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