tenant wants to by my property....but..

[sandwedge]

hi, hope im in the right place,

 

i have a tenanted property, that is being dealt with by a 'fixed charge receiver', due to may past financial problems.

the tenant has been given notice to quit the property, then the 'receiver' plans to hand control back to the morgage co(ge money) so they can take possession and sell it.

my issue is that the tenant wants me to give permission for her to speak to ge as she want to buy the property and does not want to move out.

Can this happen.? surely the property has to be in vacant possession of ge for them to sell it on the open market, and getting the best price for me to clear the mortgage..

thanks

[freakyleaky]

As you say vacant possession will give them the best chance of getting the best price.

The tenant will probably have to move out and then make an offer on the property once it's on the open market.

It's worth advising GE of the tenants position and see what they say.

[sandwedge]

yeah, GE are 'getting back to me'. i have not given permission for tenant to speak to GE, not only do i not want my finances disscussed but, from past experience with the tenant, i am concerned that she will try to renegnotiate renting it (as she knows she cant get mortgage)..which is not what i want.

long story but i want the house gone...it was due to be repo'd 18mths ago but tenant used her rights and then the receiver got involved

[freakyleaky]

Do you have a written contract with your tenant?

[sandwedge]

I have no control of who the tenant is under the terms of receiver.

[freakyleaky]

Ah right I see now.

Well firstly you are right not to give her permission to talk to GE or anyone else.

Have you told her that you want the house sold? Ask her to do the decent thing and move out.

 

Not sure where you stand on this legally. I'm sure you'll get some more replies soon.

[sandwedge]

panic over i think....GE finally back off what must be a long long lunch....they have never heard of a tenant buying a property from them before it is vacant and on the open market. it has to be vacant and sold, obviously tenant can then buy it if they give the best offer.

 

thanks

 

if anyone knows anything else about this subject please reply

[freakyleaky]

Well that seems like the common sense answer as I thought but you never know with the likes of GE.

Good luck and keep us informed of how you get on.

[sandwedge]

yeah cheers.....precisely why i said 'i think' GE have gone back on what they were goin to do by handing it to receiver...