From: "Adrian Lee" 
Newsgroups: uk.finance
Subject: Re: Got tennants in my Buy to let
Date: Sun, 7 Mar 2004 16:06:55 -0000

Hi

AFAIK, tennats in private rental agreements have no "right to buy" what so
ever... this only applies to LA housing (the same as any private rental
period cannot be used in qualifying for an LA RTB discount.

However, regarding the work that they have done, if the tennancy agreement
was ended, they may have recourse to have refunded by you the cost of any
improvements that have been made, especially if these were made with your
knowledge and approval. This would be most relevant if the tennancy was
ended at your request, if they chose to move, then there case would be
weaker.

Really, you need to look at what you want to get out of this. Are you more
comfortable knowing you have good, regualar paying tennants for a longer
period of time (in which case you may be better looking at annual tennancies
to keep them there) or are you happier being able to reposses the house as
quickly as possible should you desire, in which case, you have got to
consider that they can do the same if they decide to move ( and you might
get tennants that are less caring and less regular at paying).
"martyn lewis"  wrote in message
news:c2aul2$8r6$1@newsg1.svr.pol.co.uk...
> Okay at last after 12 weeks of refurbishing I have tennants moved in on a
6
> month AST. The tennats seem ideal. They were looking for some where long
> term and wanted reassurance that we were looking long term as well.
Tennants
> have moved in and have asked for permission to do various jobs to the
house
> like put new fencing up and redecorate a few rooms to there taste. I said
> not a problem as not structural etc. I have been invited around to the
> property for them to get my approval and what they have done so far is
fine.
> One question that was asked was if we did decide to sell would we give
them
> first refusal to buy it. I explained that we were looking long term and
was
> not looking to sell but if we did we would inform them and get a valuation
> on the house. Is this right? The tennants obviously want to make it their
> home which I`m happy about and I have said I do not want to forget about
the
> property and will invest in the upkeep of the property. Do the tennants
have
> any rights to buy (I dont think they do as it a proffessional 6 month AST
> set up) Also what about any work they do to the house like fencing that
may
> help increase the value ?
>
> Gadget
> Just looking to have my mind put to rest
>
>
>
>


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