Family member looking at purchasing property at auction; legal pack is being reviewed.
Property is listed as tenanted, terms unknown.
No finance required for purchase.
Intention is that it will be their PPR; they will follow the procedure re notice etc., when Covid restrictions lifted.
My question is, how 'bad' could it get?
If tenant overholds, next step PRTB? How long before they make ruling?
Tenant doesn't leave, then court order? Approx cost?
Who enforces the court order? Is there a cost to that?
My thinking is that family member should assume worst case, put a figure on it and add that to the purchase cost & see if the numbers still stack up.
Property is listed as tenanted, terms unknown.
No finance required for purchase.
Intention is that it will be their PPR; they will follow the procedure re notice etc., when Covid restrictions lifted.
My question is, how 'bad' could it get?
If tenant overholds, next step PRTB? How long before they make ruling?
Tenant doesn't leave, then court order? Approx cost?
Who enforces the court order? Is there a cost to that?
My thinking is that family member should assume worst case, put a figure on it and add that to the purchase cost & see if the numbers still stack up.