Hey Guys,
So we exchanged today and we weren’t given vacant possession, instead the vendor agreed to issue a 30 days to vacate notice to the tenants so we just have to hope that they’ll go. I still have no idea why he wouldn’t budge but our solicitor seems to think that it’s not uncommon? All in all, our first purchase and it took 3 and a half…[Read more]

The first we heard about No Vacant Possession was when we went to sign the contract and we signed it on the condition that we are given Vacant Possession, which is when the Vendor came back and said he won’t agree to that. The marketing and adverts all stated ‘This property is currently leased until the 26/02/2015 at $370p/w’
What’s promising…[Read more]

I just heard back from the solicitor and this was her response:

‘They still haven’t agreed to mark the contract ‘vacant possession’, but will issue the notice to the tenant to vacate on the expiration of the lease, being 26 February 2015. Should the tenant still be in occupation of the property you will not be entitled to delay settlement. “…[Read more]

This is our first purchase so we’d like to move in for lifestyle reasons for the first 12 months and renovate as we go but it seems a little like the vendor wants to protect his own interests no matter what which I guess is fair enough, but so do we. I sent the solicitor an email this morning saying that Vacant Possession is a must for us, though…[Read more]

Thanks for the suggestions guys, he says he still can’t be sure the tenants will have moved out by the date of settlement, so if that’s the case, we’ll have given notice for our current place and have nowhere to go…

We’re actually renting at the moment ourselves Terryw so we’ll also need to give notice (We’re currently outside of our lease). I understand that the Vendor is wanting to minimise any financial loss but surely it isn’t our problem that he has tenants in there?