Friday 9 September 2011

Tenancy agreements key to auction bid | Legal Q & As | Property news | Homes & Property

Tenancy agreements key to auction bid | Legal Q & As | Property news | Homes & Property

Question: I am thinking about buying a row of three cottages at auction. One cottage is empty, one has been rented out in the last couple of months and the other has been occupied by someone for over 25 years. How should I proceed?

Answer: Ensure your funding is in place. Obtain the legal pack for the properties and instruct your solicitor to consider the title documents, the searches, replies to enquiries and any tenancy agreements which should all be included in the legal pack.

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