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Vendor cut plum tree down!! Tenants don’t want to leave!!
Hey guys. I’m new to this forum and thought I’d get some advice. I’m about to settle on a freehold house in 9 days. There are tenants in there at the moment. They are finding it really hard to find another place(pretty understandable if you met them). The real estate agent text me a couple days ago saying I needed to call the tenant. So I did and she was trying tk
stay on for 2 more weeks. She was saying that her kids can’t be homeless and the water works came on etc. I felt sorry for her so I said I’m sure we can figure something out. I spoke to my wife about this and agreed we would give them 6 weeks to sort themselves out. I rung my lawyer, mortgage broker and real estate agent about this and both he lawyer and mortgage broker said that the lending is only for an owner occupier, not an investment property. So the bank could change the lending and then we couldn’t buy the property. Also the insurance would have to change or we wouldn’t have insurance. Not only that, they would now become my problem!! If they didn’t leave the property and decided to stay on and pay no rent. So I asked the real estate agent about them and he said they’ve only paid 3 times over the past 4-6mknths!! Wtf!? And this guy was going to try and palm them of to me!! I texted him to tell the tenants that I can’t become a landlord due to the bank and insurance contracts. He told me to tell them that because I own the house. I said, I don’t want to be involved. I have a feeling hat hey won’t be gone by the time we need to settle. My lawyer says we need to settle on the 16th. From my understanding, I think I can delay settling due to the house not being vacant. Is that right? And then be entitled to 14% of the purchase price until the vendor is ready to settle? Anyway that’s just one part to the saga. Haha
The vendor has also cut down a 15-20yr plum tree. This tree produced ALOT of fruit. I found about that 2 weeks ago. We are so gutted that they did that. Anyway they needed to move a large vehicle off the property and thought the plum tree was in the way. It wasn’t in the way and they could’ve reversed and drove around it!! Anyway I got an arborist to give me a quote to remove stump/roots, supply an old plum tree from nursery and dig it back in and maintain it until it can produce the fruit the old tree could produce. $11,000 later. So the lawyer is seeking damages etc and will be held back at settlement.
Is this his the right thing to do?? I’m unsure as this is my second house and don’t have a lot of experience with these kinds of things.
Any help would be great. My biggest concern is the tenant issue. But would be nice to get a $11k discount!!
Thanks guys
stay on for 2 more weeks. She was saying that her kids can’t be homeless and the water works came on etc. I felt sorry for her so I said I’m sure we can figure something out. I spoke to my wife about this and agreed we would give them 6 weeks to sort themselves out. I rung my lawyer, mortgage broker and real estate agent about this and both he lawyer and mortgage broker said that the lending is only for an owner occupier, not an investment property. So the bank could change the lending and then we couldn’t buy the property. Also the insurance would have to change or we wouldn’t have insurance. Not only that, they would now become my problem!! If they didn’t leave the property and decided to stay on and pay no rent. So I asked the real estate agent about them and he said they’ve only paid 3 times over the past 4-6mknths!! Wtf!? And this guy was going to try and palm them of to me!! I texted him to tell the tenants that I can’t become a landlord due to the bank and insurance contracts. He told me to tell them that because I own the house. I said, I don’t want to be involved. I have a feeling hat hey won’t be gone by the time we need to settle. My lawyer says we need to settle on the 16th. From my understanding, I think I can delay settling due to the house not being vacant. Is that right? And then be entitled to 14% of the purchase price until the vendor is ready to settle? Anyway that’s just one part to the saga. Haha
The vendor has also cut down a 15-20yr plum tree. This tree produced ALOT of fruit. I found about that 2 weeks ago. We are so gutted that they did that. Anyway they needed to move a large vehicle off the property and thought the plum tree was in the way. It wasn’t in the way and they could’ve reversed and drove around it!! Anyway I got an arborist to give me a quote to remove stump/roots, supply an old plum tree from nursery and dig it back in and maintain it until it can produce the fruit the old tree could produce. $11,000 later. So the lawyer is seeking damages etc and will be held back at settlement.
Is this his the right thing to do?? I’m unsure as this is my second house and don’t have a lot of experience with these kinds of things.
Any help would be great. My biggest concern is the tenant issue. But would be nice to get a $11k discount!!
Thanks guys
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