How does a sitting tenant affect a house purchase? | Money | guardian.co.uk
Q I am cashing in my pension and am considering buying a property at auction, to either do up and sell or rent out until the market picks up. Some of the properties I have seen at auction seem quite cheap, but have sitting tenants. This would only bother me if they didn't pay their rent. How would I go about making sure a new contract was signed before the auction and getting the rent payment changed to my name and bank?
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