Selling flat to a company
Posted: March 30th, 2019, 3:07 pm
I have a feeling this will generate some horror, but here goes!
background - father died, left 2 studio flats in mum's names, they are rented, in rough area which is nowhere near mum, me or my sister. I think he thought it would be up and coming eventually!
flats - paperwork not kept properly so awaiting confirmation but at least 1 flat is only 61 years left on lease.
We are now wondering if we should consider selling the properties to a company who buys this kind of thing - probate, short lease etc
we would give notice to the tenants and sell the flats empty.
My main query is the legitimacy of these businesses and whether or not they can pull out of purchases like any other buyer, or reduce the price like any other buyer.
TIA
Sunny
background - father died, left 2 studio flats in mum's names, they are rented, in rough area which is nowhere near mum, me or my sister. I think he thought it would be up and coming eventually!
flats - paperwork not kept properly so awaiting confirmation but at least 1 flat is only 61 years left on lease.
We are now wondering if we should consider selling the properties to a company who buys this kind of thing - probate, short lease etc
we would give notice to the tenants and sell the flats empty.
My main query is the legitimacy of these businesses and whether or not they can pull out of purchases like any other buyer, or reduce the price like any other buyer.
TIA
Sunny