Statutory Tenant - What does it mean if I were to buy the property with one in place

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Steve D
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Dear Sir/Madam,

I am thinking of buying a specific property. In the brief particulars it states that the property has a Statutory Tenant. The rent they are paying is very low, and I am assuming that this type of tenant has rights that others on an AST do not i.e. how much they pay, how long they can stay, how much the rent can increase etc.

Can you give me any information on the issue of statutory tenants and what my rights would be both prior to, and following, my purchase.

Many thanks,
Steve Dunn

14/05/2008 00:00

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