Sitting Tenant Brokers & Life Tenants

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:

Who buys Properties with Life Tenancies?

We have a number of investors looking for this type of investments including pension funds and large property companies.

How long will the transaction take?

In some instances providing both solicitors are working to a tight timescale, we have sold properties within a week but in most cases it will take approximately 4 weeks after draft papers have been received by the purchasers solicitors.

What areas do you cover?

We sell properties with life tenants and sitting tenants throughout the UK.

Please call 0208 1331221 for more information

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