Selling a buy-to-let, tenants included!
- 8th February 2012
- Landlord Property News
Demand for tenanted properties from investors means a new exit route for current landlords.
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.”
Landlords with a good tenant in place should use this as a marketing tool to attract new investors.
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