Do you have to notify your tenant when buying a property?

One very important requirement of landlords in situ is to actually notify their tenant of the property purchase. Under Section 3 of the Landlord and Tenant Act 1985, if the landlord’s interest is transferred, the buyer must notify the tenant in writing of the transfer.

What happens if your landlord wants to sell your house?

Many tenants get confronted with news that their landlord wants to sell the property they live in. Sometimes, you might just receive a notification that this has already been done and you have a new landlord you know nothing about. As frighting this might seem, you don’t need to worry about it too much.

Do you have to tell your tenant you are selling your house?

When selling a rental property with tenants, it’s not mandatory to give any form of notice that you’ll be listing the house for sale, although we would advise that you do. You see communication is key here! Neglect to inform your tenant that you’re selling and you risk them jumping to conclusions as soon as they see the ‘For Sale’ board.

Can a tenant move out when the property is sold?

If you’re going to sell the property to a new landlord then your tenants may be able to stay in the property and not move out at all. Sitting tenants can make a property more appealing to new landlords because they know they already have a source of income once the sale goes through.

How much does it cost to sell a gas station?

The seller is currently running the station absentee so the numbers would improve with a hands on owner. Store has a full time Manager. Payroll is around 8000.00 month. All the payroll and taxes are managed by company. All the sales and the expenses are 100% verifiable.

When is the best time to buy a gas station?

Hours are 6 am to 11 pm. Asking $225,000 plus inventory, Price is Very negotiable for serious buyers, store makes huge money, and growing, moving out of state. Call nick 248-878-5649 anytime. Serious buyers only please

Who are the owners of a gas station?

Franchised gas stations are owned and operated pursuant to a Franchise Agreement with a national supplier such as Exxon, BP, and Sunoco. Independent stations are not supported by any national supplier and, basically, sell “unbranded” fuel procured from an assortment of regional suppliers.

Do you have to give notice if your landlord wants to sell your house?

If you’re on a month-to-month lease, in most states, landlords are required to give a 30-day written notice to tenants to vacate if they decide to sell to a buyer or new landlord. Some areas have different rent laws, though, so it’s wise to check.