Treetrunk24
New Member
- Messages
- 2
I would appreciate both clarity on what is legal and perspective on what is acheivable. Obviously they're legally entitled to rent until I sign but are they still entitled to it after that?
It also means that you would have to move out and find alternative accommodation.I'm also aware that if I weren't the one buying, they'd either be selling with me in situ for a lower price or else waiting until it was vacant and not getting any rent for a few months from then until completion.
If I was the owner and left you rent free, I would be worried you would extend the process.
I think it’s entirely reasonable for you to ask, and equally reasonable for them to refuse. Their financial condition might be as tight as yours!What should I do: accept what's on the table and just pray they come to closing quickly or try to negotiate a better position? I would so appreciate some perspective and advice.
As a landlord you lost me right there. They are not bleeding you, they are providing you with a place to rent, which you agreed to.The motivation for them to speed things up is not as strong if they're still bleeding me for €1900 a month!
We do not know the personal financial circumstances of the landlord. In your individual case you could afford to take deposit as rent. If it then dragged on for 3 or 4 months with no deposit and no rent would you have the same view. The landlord has to look to his own financial interests, he still has to presumably pay a mortgage, and may not have the money to do so without the rent, which is the case for many landlords, but not you. You haven't considered what would happen if this dragged on.I'd have a slightly different view from responses above - not sure how long OP has been a tenant but s/he does state relationship has been good to date...
I had a similar situation last year whereby my tenant advised he was leaving (after 5 years very satisfactory relationship) as he was purchasing his own property. He ran in to the situation where his mortgage was drawn down before snag list was finalised - some items had to be attended to but he did run in to the situation that first mortgage repayment came due around the same time that rent became due - he asked if I'd accept the initial deposit he had paid could be taken as his final rent repayment - I felt request was reasonable and agreed to same. All worked out fine. I've since sold the property.
In the first sentence you ask 2 questions, the legal aspect of which you answer yourself in the second sentence.I would appreciate both clarity on what is legal and perspective on what is acheivable. Obviously they're legally entitled to rent until I sign but are they still entitled to it after that?
There is a lot of confusion going on here. You agreed a sale price. You are now trying to find fault with your own price. The estate agent fees are none of your business. Even if 2 houses are identical, a 5K here or there won't make much of a difference. on a property of say 350K., is there a deal to be made? I'm very wary of rocking the boat but really want to improve my position, mainly because I can barely afford prolonged rent but also because I'm feeling slightly shafted at the moment. Some context is that we negotiated when a neighbouring property, identical to mine, had just gone sale agreed. The landlord's asking price was 2K higher, equivalent to a 5K higher open market price when you consider they don't have to pay an estate agent. Subsequent BER assessment also revealed that although the neighbour is a B3, my property is a C1 due to the very old boiler and it will take an investment of 3K to get the BER up to B3. Essentially I've agreed to 8K more than the sale is worth because I was too nervous to be demanding in this market, feeling that they had all the leverage. I know it seems like a small amount in the grand dance of buying a property but it means a lot to me! I'm also aware that if I weren't the one buying, they'd either be selling with me in situ for a lower price or else waiting until it was vacant and not getting any rent for a few months from then until completion.
Oh absolutely. The house behind mine is identical in every way except that it was actually maintained rather than let degrade over 30 years and become mice infested prior to me buying it. But the asking price for it is only marginally higher than mine was - it will be interesting to see if the price it ends up selling for is the difference between the upgraded cost. Its all about how the market is going.There is a lot of confusion going on here. You agreed a sale price. You are now trying to find fault with your own price. The estate agent fees are none of your business. Even if 2 houses are identical, a 5K here or there won't make much of a difference. on a property of say 350K.
You have literally no idea of what that house could achieve on the open market and are actually calculating the loss to the property owner because he has a sitting tenant.
You also have no idea what the house next door actually went for? You mention 'asking price'. You could be wildly off. You might actually have a bargain price in comparison.
I've guessed a 300K mortgage over 25 years gives you a repayment of about €1500 a month.
Can't believe you're now focused on the BER and the boiler. Seriously.
Instead of wasting time on all of that, focus on getting the property secured in your name asap. How much are you tight for this month. What is the delay in the sale finalising? What can you do this month to get the money together. Without figures it's hard to give advice. Are you planning on renting out rooms under 'rent a room'?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?