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Buy To Let property

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Lee Priest | 16:41 Tue 14th Sep 2004 | Business & Finance
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I have the chance to purchase a buy to let property, but the current tenant has been in there for 16 years, and as it was before the 28/02/1997 I have been told he is a sitting tenant. Would the fact the he doesn't work and the council pay his rent stop him from signing any Assured Shorthold Tenancy agreement given to him? If I don't get him to sign an AST no mortgage lender will lend me the money to purchase.

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I doubt very much that he would sign up for an Assured Shorthold Tenancy - he probably has more rights with his current status. The advice from ansteyg, not to consider buying the property, seems to make a lot of sense.
Why should he sign something that disadvantages him - would you?
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I was wondering why it was cheap, and obviously the estate agents weren't forthcoming with any info about the tenant.

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