Sitting Tenant Brokers & Life Tenants
A tenant that occupies a property on a life tenancy has a legal right to remain in the property for the rest of their life rent free. These leases are becoming more popular, as second marriages are not uncommon and it provides a place to live (rent free) for the current spouse for his or her lifetime and the asset will transfer to the children from the first marriage. Also, homeowners approaching retirement may decide to supplement their income by releasing some equity from their property and remain there rent free for the rest of their lives.
Although properties with life tenants are not as popular as property with protected tenancies due to no income being generated from them we do have cash buyers looking for this type of investment. Please call us on 0208 1331221 to see how we can assist with selling your property.
Below are some of our most frequently asked questions:
Please call 0208 1331221 for more information
Sitting Tenant Question Not Covered Here?
Not a problem! Contact us to ask what you want to know.