Buying tenanted property at auction

You are here : Member Forums Other Buying tenanted property at auction
This topic has been locked as no posts have been made within the last 90 days.
H
Housefitter 340
2 Posts
0 Thanks

A number of properties have come up for sale at auction which are in the hands of the LPA receiver after the landlord went into receivership. The property i will be bidding on has a tenant. I visited the tenant as the auctioneers are saying no viewings to see if i could facilitate a look around which was refused and i noted the auctioneers sign hidden at the side of the house.Clearly she does not want people to know its for sale. I made enquiries with neighbours who say she has been there for about 4 years and has improved the property. When i spoke to the tenant she was surprised i knew it was for auction, was dressed tidily and although not allowing me access was polite saying they were considering buying it themselves.

My questions are:-

  1. Should i look for anything specific in the legal pack? I suspect it will be a Assured shorthold tenancy which has probably expired. What if there is no tenancy attached? What else should i look for?
  2. I dont beleive this landlord took deposits so i doubt anything is registered with the DPS. If he did how can i view this or find out if any deposit has been made? Who would be liable for deposit if he took one?
  3. If a deposit was made and the landlord kept this without depositing it what if any issues are there? What ongoing issues could there be if i wanted to serve section 21 and a deposit was made to the previous landlord?
  4. If i purchased it. Would i be better off starting a new tenancy and what would be the implications if the tenant refused?
  5. What if any forms would i have to serve on the tenant once and if i complete the sale?
  6. Could i serve a section 21 notice on the tenant straight away? and if so would this be an A or B?
  7. What if the tenant refuses access after and if i purchased it. How would i legally obtain access?
  8. If i could find out from the receiver that rent had not been paid for a couple of months could i immediately commence posession proceedings?

I appreciate this is a lot of questions but any advice would be gratefully appreciated.

I have no objection for this to go on the members forum.

Thanks and Regards

25/01/2018 23:05

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Ideal Flatmate
Elfin Kitchens
Landlord Broadband
John Pye Auctions

Share this page