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  • Property-a-holics

    Things to check buying tenanted property?

    Hi all,

    I am looking to make an offer on a property which has a couple already in the property. They shall be in there until April next year.

    Is there any checks I should/can do? I plan to ask the estate agents if they could provide proof that the tenants have paid rent without any issues, if that's possible? Is there anything else I can check?
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    Go and interview them yourself like you would any prospective tenant

    They are part of the package

    So do your own DD on them

    Don`t rely on anyone else as they will most likely have a vested interest in saying the tenants  are the best thing since slice bread just so that the purchase goes through smoothly.

    The vendor and the agent wont want to give you any negatives

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    Jonathan Clarke. http://www.buytoletmk.com