Property being sold cash sale. Renting over 10 years - Page 2 (2024)

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  • user1977 Posts: 13,644

    Property being sold cash sale. Renting over 10 years - Page 2 (2)Property being sold cash sale. Renting over 10 years - Page 2 (3)Property being sold cash sale. Renting over 10 years - Page 2 (4)Property being sold cash sale. Renting over 10 years - Page 2 (5)

    Forumite

    24 March at 8:55PM

    I presume the question was whether they have any rights to require the landlord to sell to them instead, or otherwise to object to the landlord selling their interest. To which the answer is (almost certainly) no in both cases.

    6

  • Mr.Generous Posts: 3,327

    Property being sold cash sale. Renting over 10 years - Page 2 (7)Property being sold cash sale. Renting over 10 years - Page 2 (8)Property being sold cash sale. Renting over 10 years - Page 2 (9)Property being sold cash sale. Renting over 10 years - Page 2 (10)

    Forumite

    24 March at 9:33PM

    I'm going to guess no deposit paid. I think as several have speculated in this kind of scenario - cash - no formal T/A the landlord may be hiding something. Could be the income from the taxman, could be the renting from the mortgage provider, could be both. Could be something we've not considered like child support, or alimony. I'm not sure how things will work out if you try and threaten the owner with blabbing though. You know the landlord, what do you think?

    2

  • lika_86 Posts: 1,753

    Property being sold cash sale. Renting over 10 years - Page 2 (12)Property being sold cash sale. Renting over 10 years - Page 2 (13)Property being sold cash sale. Renting over 10 years - Page 2 (14)Property being sold cash sale. Renting over 10 years - Page 2 (15)

    Forumite

    24 March at 10:48PM

    Hoenir said:

    You could always suggest politely to your LL that they sell the property to you or you'll speak to the HMRC (amongst others).

    So, blackmail them?

    3

  • theartfullodger Posts: 14,439

    Property being sold cash sale. Renting over 10 years - Page 2 (17)Property being sold cash sale. Renting over 10 years - Page 2 (18)Property being sold cash sale. Renting over 10 years - Page 2 (19)

    Forumite

    25 March at 3:59AM

    No, inform HMRC eventually anyway. The country needs the tax income.

    5

  • GDB2222 Posts: 24,440

    Property being sold cash sale. Renting over 10 years - Page 2 (21)Property being sold cash sale. Renting over 10 years - Page 2 (22)Property being sold cash sale. Renting over 10 years - Page 2 (23)

    Forumite

    25 March at 8:04AM

    Hoenir said:

    You could always suggest politely to your LL that they sell the property to you or you'll speak to the HMRC (amongst others).

    Someone else on this thread hinted at blackmail. You do realise that it’s a crime?

    No reliance should be placed on the above! Absolutely none, do you hear?

    2

  • theartfullodger Posts: 14,439

    Property being sold cash sale. Renting over 10 years - Page 2 (25)Property being sold cash sale. Renting over 10 years - Page 2 (26)Property being sold cash sale. Renting over 10 years - Page 2 (27)

    Forumite

    25 March at 8:47AM edited 25 March at 8:49AM

    Surely informing mssrs HMRC of probable tax fiddling is a citizen's duty?

    The government provide a simple online way of telling HMRC for gawd's sake! see

    https://www.gov.uk/report-tax-fraud

    similarly benefit fraud...

    Artful: in receipt of 6 benefits, thank you you generous tax payers you....

    (£25 to an agreed charity if anyone can provide evidence of a conviction in circ*mstances such as GDB is hinting at...)

    2

  • user1977 Posts: 13,644

    Property being sold cash sale. Renting over 10 years - Page 2 (29)Property being sold cash sale. Renting over 10 years - Page 2 (30)Property being sold cash sale. Renting over 10 years - Page 2 (31)Property being sold cash sale. Renting over 10 years - Page 2 (32)

    Forumite

    25 March at 9:11AM

    theartfullodger said:

    Surely informing mssrs HMRC of probable tax fiddling is a citizen's duty?

    Yes, it is. But "give me something or I'll shop you to HMRC" is blackmail. See the difference?

    5

  • Albermarle Posts: 21,571

    Property being sold cash sale. Renting over 10 years - Page 2 (34)Property being sold cash sale. Renting over 10 years - Page 2 (35)Property being sold cash sale. Renting over 10 years - Page 2 (36)

    Forumite

    25 March at 9:30AM edited 25 March at 9:31AM

    AlexMac said:

    Or start to play hardball? Read the many threads on this forum about tenants’ rights and landlord obligations, hinted at in the replies above.

    As your landlord if the buyer knows there is a sitting tenant who will be tricky to get rid of in case that gives you leverage to at worst, delay the sale, and at best give you a crack at buying it yourself?

    Along these lines the OP could say something like this to the LL.

    'I am looking forward to meet my new landlord, but in the circ*mstances I think we should formalise our current verbal tenancy agreement in advance, then it will be a smooth takeover'

    LL might realise it will not be all plain sailing, and wonder whether it would actually be better to sell to the sitting tenant in the end.

    In reality I guess the conveyancing/sale to the current buyer, will raise the issue of there being no official written tenancy agreement anyway?

    Ps and this definitely is not blackmail, just a reality check .

    1

  • theartfullodger Posts: 14,439

    Property being sold cash sale. Renting over 10 years - Page 2 (38)Property being sold cash sale. Renting over 10 years - Page 2 (39)Property being sold cash sale. Renting over 10 years - Page 2 (40)

    Forumite

    25 March at 11:10AM

    Albermarle said:

    AlexMac said:

    Or start to play hardball? Read the many threads on this forum about tenants’ rights and landlord obligations, hinted at in the replies above.

    As your landlord if the buyer knows there is a sitting tenant who will be tricky to get rid of in case that gives you leverage to at worst, delay the sale, and at best give you a crack at buying it yourself?

    Along these lines the OP could say something like this to the LL.

    'I am looking forward to meet my new landlord, but in the circ*mstances I think we should formalise our current verbal tenancy agreement in advance, then it will be a smooth takeover'

    LL might realise it will not be all plain sailing, and wonder whether it would actually be better to sell to the sitting tenant in the end.

    In reality I guess the conveyancing/sale to the current buyer, will raise the issue of there being no official written tenancy agreement anyway?

    Ps and this definitely is not blackmail, just a reality check .

    luaivehasn;t told us if it is verbal or if there was an original tenancy which then became periodic (luaivemight not realise that this is then an entirely valid, documented, tenancy agreement.

    luaivecould you kindly advise please??

    1

  • Mr.Generous Posts: 3,327

    Property being sold cash sale. Renting over 10 years - Page 2 (42)Property being sold cash sale. Renting over 10 years - Page 2 (43)Property being sold cash sale. Renting over 10 years - Page 2 (44)Property being sold cash sale. Renting over 10 years - Page 2 (45)

    Forumite

    25 March at 1:37PM

    theartfullodger said:

    Albermarle said:

    AlexMac said:

    Or start to play hardball? Read the many threads on this forum about tenants’ rights and landlord obligations, hinted at in the replies above.

    As your landlord if the buyer knows there is a sitting tenant who will be tricky to get rid of in case that gives you leverage to at worst, delay the sale, and at best give you a crack at buying it yourself?

    Along these lines the OP could say something like this to the LL.

    'I am looking forward to meet my new landlord, but in the circ*mstances I think we should formalise our current verbal tenancy agreement in advance, then it will be a smooth takeover'

    LL might realise it will not be all plain sailing, and wonder whether it would actually be better to sell to the sitting tenant in the end.

    In reality I guess the conveyancing/sale to the current buyer, will raise the issue of there being no official written tenancy agreement anyway?

    Ps and this definitely is not blackmail, just a reality check .

    luaivehasn;t told us if it is verbal or if there was an original tenancy which then became periodic (luaivemight not realise that this is then an entirely valid, documented, tenancy agreement.

    luaivecould you kindly advise please??

    Good point, quite a few tenants think they have no T/A after the initial period.

    2

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