TENANTS WANT TO STAY IN RENTED HOMES WHEN LANDLORDS SELL TO ANOTHER INVESTOR nr

Tenants want to stay in rented homes when landlords sell to another investor

A growing number of tenants say they want to stay put in their rented home even if the landlord sells up.

A survey of 600 tenants conducted in August for Vesta Property says that 78 per cent of tenants want to remain in place, and a similar number regard it as “ridiculous” for a landlord to evict a tenant and sell the property to another landlord who then looks for another tenant.

Seventy per cent said they wouldn’t care if their landlord sold as long as their existing contract and rent remained the same.

The research shows that nearly one in nine tenants has been forced to leave their home before they are ready due to a change in ownership, with many of these people suffering financially or mentally due to being evicted prematurely.

 

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