Tenancy Agreement Sitting Tenants

The owner is responsible for the maintenance of the exterior of the property and the insurance of the property. The tenant is responsible for the interior of the property and the payment of the rent, which is below the market and is set by the rental office. The rent can be reviewed every two years or if improvements such as gas central heating, double glazing or a new kitchen or bathroom have been made to the property. A landlord cannot market a sitting tenant who has a protected lease. In some cases, the tenant may agree to move, in which case the protected lease passes with the tenant. Some landlords prefer to buy real estate with sitting tenants. This means that they can guarantee a reliable income; They do not need to find new tenants and can receive immediate rental income. Find new tenants, do credit checks, establish a new lease. All of this can be tedious and expensive tasks for a new owner…

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