Selling a buy-to-let, tenants included!

Current landlords looking to shake up their buy-to-let portfolio can potentially benefit from a higher sales price if they have a good tenant already in place.

More investors are attracted to tenanted properties because they benefit from:

• Proven rent payment history from the tenants
• No void period, as there would be when finding new tenants
• Regulatory burdens have already been taken care of (e.g. gas safety etc)
• Low capital outlay because established tenants do not normally ask for major improvement works

If the current tenants are on a contract longer than one year, the landlord can market this fact to investors looking to purchase a tenanted property.

Stephen Ludlow, Chairman of ludlowthompson, comments: “The buy-to-let market is well established now, meaning there are different kinds of investors looking for different kinds of investments.

“Landlords with a good tenant in place should use this as a marketing tool to attract new investors if they’re looking to shake-up their portfolio by disposing of a property to free up cash.”