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Sell house with tenants in Manchester.

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Sell A Tenanted Property in Manchester

For many landlords in Manchester, selling a tenanted property can be complicated, time-consuming, and sometimes even quite frustrating.

When selling a property with tenants, their rights must be acknowledged, so it’s important that you know where you stand and what you can and can’t do.

At We Buy Any Home, we have purchased various tenanted homes all over Manchester and understand exactly what needs to be done, meaning the sale of your home is in safe and experienced hands.

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How it works

We understand how difficult it can be to sell with tenants in Manchester, so we decided to simplify the process. We follow a simple process when buying a tenanted property from a customer.

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  • Get in touch with us

    The first step is to complete the enquiry form on our website and provide all the necessary information

  • Receive an offer from us

    Upon receiving your enquiry, one of our representatives will give you a call back. During the call, you’ll receive a free, no-obligation cash offer. You will then need to consider the offer and make a decision if you want to proceed.

  • Sale agreed

    If you wish to proceed, you’ll have to complete and return some basic paperwork. Upon receiving the paperwork, we will instruct our solicitors. We will also notify our property surveyor and valuer team to carry out a valuation of your property. Following the legal check and valuation report of your rental property, a final price will be provided. All you need to do now is decide when you want to sell the property to us. On the date of the sale, the sale will be completed, and you will receive your funds.

Free cash offer within minutes, any condition, any location.

Selling a Buy-to-Let Property

Even though selling a buy-to-let property is more difficult than selling a vacant one, there are still many reasons why landlords consider cashing in on their investment properties.

Recent data shows that around 25% of landlords throughout Manchester and the UK are looking to sell at least one of their rental properties this year. The reasons for the sell-off in buy-to-let properties are many, but are mainly due to the following:

  • Section 24 Landlord & Tenant Act
  • Impact of Covid-19
  • Issues With ESW1
  • Releasing Locked
  • Increased Regulations
What Is Buy to Let

Buy to let refers to the activity of purchasing a property in Manchester with the specific purpose of renting it out.

Many investors and landlords purchase such properties not only because they can profit from renting them out each month but also because when the property is eventually sold, it will be worth more than it was bought for.

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Selling A Tenanted Property in Manchester FAQ's

When the sale of your rental property with tenants is complete, all you need to do is transfer the tenancy agreement and damage deposit to the new owner.

Besides that, everything else remains the same as if you were to sell your own personal home to a private buyer.

What happens if you sell a property with a tenant in situ?

When the sale of your rental property with tenants is complete, all you need to do is transfer the tenancy agreement and damage deposit to the new owner.

Besides that, everything else remains the same as if you were to sell your own personal home to a private buyer.

Is it better to sell a house with or without tenants?

Selling a house without tenants is easier as you don’t need to adhere to an agreement with the tenants. As far as selling a home with tenants being better, it certainly can be.

Investors are much more interested in properties with a proven record of being rented out. And if there are tenants in the property, even better.

This can also lead to investors paying more money to the owner of the property since they can start making money on their investment right away as they won’t need to look for a tenant.

Why are houses sold with tenants?

There are many reasons why landlords may wish to sell a tenanted property in Manchester that they own.

For instance, some landlords might need the money for a bigger investment, while some landlords may no longer express interest in being a landlord and want to cash in on their rental property.

In other situations, during a booming market, some landlords might suddenly receive an offer for their property that is too good to pass on, which could result in the sale while the tenants are still residing in the property.

Is it easier to sell a house with tenants?

Generally speaking, selling a house without tenants is much easier that selling a house with tenants. This is because you can single-handedly decide how and when to sell the property.

When you have tenants, selling a property is a bit more complicated since you are in a contractual agreement with them, which could further complicate the selling process.

How much does it cost to sell a tenanted property?

Yes, you can sell your tenanted property. There are no laws or regulations that would prevent you from cashing in on your investment property if you decide that you no longer want it.

With that said, selling a property with tenants in Manchester is a little bit more complicated since you need to acknowledge the tenants’ rights in the process.

Can I Sell My House With Tenants in it in the UK?

If you own a house with tenants in the United Kingdom and you decide that you want to sell it, you absolutely can. There are no laws or regulations that state otherwise.

We want you to know that selling a house with tenants in it can be a little more challenging since you also need to consider your tenants, the tenancy agreement, and their rights.

However, as you have already seen, when selling a rental property with tenants through We Buy Any Home the process is simplified, and you don’t need to go through the headaches of figuring out each step or problem that arises during the process.

How Much Does It Cost to Sell a Tenanted Property?

If you were to go down the traditional route with a property agent, you could expect to pay thousands of pounds in legal fees. Not to mention the agent fees, which are typically anywhere between 0.9% and 3.7%.

In other words, if you are selling quite a valuable piece of property, the cost of selling it can be in the tens of thousands of pounds.

However, if you want to save money when selling your house with a tenant in Manchester, you don’t need to go down the traditional route.

At We Buy Any Home, landlords wanting to sell their property with us will pay £0 throughout the whole process. We will take care of all fees, and you won’t have to pay agent fees. If that sounds intriguing, you can request a free, no-obligation quote today.

How Much Notice Do I Have to Give a Tenant if I Want to Sell My House?

Before giving your tenants a notice period, you must first have signed an Agreement of Purchase and Sale.

If you have all that in place, you must give the current tenant a notice of at least 60 days. And if the tenant remains in the property after the notice period has expired, as the landlord, you can apply for a possession order.

Can You Evict a Tenant Because You Want to Sell the Property?

No, you cannot evict a tenant simply for wanting to sell a property. With that said, you can certainly terminate a periodic tenancy using one of the following mechanisms:

  • Serve a section 21 eviction notice (lasting two months)
  • Serve a section 8 eviction notice if the tenancy agreement has been broken
  • Coming to a mutual agreement with the tenant and ending the tenancy
  • The tenant has served you with a notice to end the tenancy agreement

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Selling a house or a property with tenants in it

Many landlords all over Manchester have recently sold their rental homes or properties to us while having tenants in them.

It is not illegal, and when working with us, the process is smooth for all parties involved, including the tenants, which can continue residing in the property after the sale is concluded.

A closer look at Assured Shorthold Tenancy Agreements

An Assured Shorthold Tenancy Agreement (ASTA) is a contractual agreement between the tenant and the landlord, allowing the tenant to reside in the rental property for a pre-defined minimum term without the tenant fearing eviction.

Generally speaking, an ASTA shouldn’t be a reason for impeding a sale, but it can certainly impact the typical selling process.

A few examples of complications that can occur include property viewings breaching the tenant’s right to ‘Quiet Enjoyment’, the ability to refurbish the property and make it more desirable when tenants are residing it in, or having to terminate the tenancy agreement due to the buyer not being a landlord.

At We Buy Any Home, we know how much of a headache it can be to sell a house with tenants in Manchester, so we made it simple.

No matter the tenancy situation or the type/condition of your property, if you want to sell it, we can give you a free, no-obligation cash offer for your property in minutes.

Read more about Selling A Tenanted property in Manchester

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Joint Tenants vs Tenants in Common, What’s the Difference?
Is It the End of the Buy to Let Boom?
How Much Can a Landlord Raise Rent in a Year?
Consent to Let – Everything You Need to Know
Dealing with Problem Tenants

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