this post was submitted on 22 Dec 2024
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Anyone bought a place that is tenanted? Haven't seen it yet, but horror ideas both on kicking somebody out and them not leaving when supposed to
Yeah we did. Sales agent also managed the property. We asked them to let the tenants know as soon as our offer was accepted that we intended to occupy. That gave them 90 days head start to begin looking. We issued notice (60 or 90 days I think) so they had tons of warning. Told them if they left early they wouldn’t pay for any extra days and we were very lenient on the exit report.
Don’t feel too bad about it, the place was not in a good state but impossible to tell if it was them or any of the previous tenants who trashed it.
Thank you. I dislike the idea of moving somebody, but vacant possession would be a must. Totally lenient on the exit bit if that transferred, I've always left places n a better state than I got them.
Wouldn’t let vacant possession be a barrier. Getting rid of tenants is getting tougher and tougher, that’s a massive roadblock to some vendors. Meanwhile “I brought the place but sorry I need my house” is still the safest way to end a tenancy.
Vacant possession creates a huge barrier for your vendors. One that frankly, you don’t need to be that worried about.
Point seen, but we can't realistically give notice as tenants here until that place can be occupied by us.
That’s the tricky part. We budgeted for a bit of overlap. Fortunately the rental bathroom started growing mushrooms so the conversation with the realestate went in our favour.
I wouldn't. I honestly don't believe evicting someone in order to move in yourself should even be legal, there is absolutely no way I would buy a tenanted property unless I intended to keep it as a rental.
I feel buying a place to occupy is more ethical than buying a place as a rental investment.
I’ll counter this: rent wasn’t enough to pay the mortgage, so what we should make a loss and not have a property to live in? at the end of the day it is a government responsibility to provide housing for its citizens. It is not your or my responsibility to put a roof above someone else’s head. That’s what our tax dollars should be going to. Not paying the cfmeu out the ass to build more transport projects that are 4x the price they should be.
This is capitalism. We all gotta do what we gotta do. But at the same time fuck people who own 4 or 5 properties and are screwing their tenants.
See I don't mind when people a buy house with the intent to occupy, whether there are tenants already or not. I care when people buy 4-whatever houses and up the rent like assholes. Said as a lifelong tenant who will never own a house lol
Totally agree. We were first time owner occupiers. It wasn’t a choice sadly, we weren’t out to screw anyone
An opinion. Fair.