Hi everyone,
Thank you in advance for any advice on this.
We are thinking of putting in an offer on a property that has existing tenants that want to stay. They have been there 4 years and apparantly have been no problem (this is from the owner). We are quite happy for them to stay but need to know how to safeguard ourselves. It is a private sale, no agents involved.
What sort of wording should we have on the S&P agreement? I did read on one of the other forums about making sure that it was vacant possession but signing the tenants up on new TA before possession date etc? Need clarification on this.
How do we go about getting the bond transferred etc?
Also think the tenants are paying less than market rent for the property. 4 beds, 2 baths in central Upper Hutt. How do we go about making sure the rent is increased when we take possession?
Anything else we should be making sure happens?
Thanks again.
Charms
Thank you in advance for any advice on this.
We are thinking of putting in an offer on a property that has existing tenants that want to stay. They have been there 4 years and apparantly have been no problem (this is from the owner). We are quite happy for them to stay but need to know how to safeguard ourselves. It is a private sale, no agents involved.
What sort of wording should we have on the S&P agreement? I did read on one of the other forums about making sure that it was vacant possession but signing the tenants up on new TA before possession date etc? Need clarification on this.
How do we go about getting the bond transferred etc?
Also think the tenants are paying less than market rent for the property. 4 beds, 2 baths in central Upper Hutt. How do we go about making sure the rent is increased when we take possession?
Anything else we should be making sure happens?
Thanks again.
Charms
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