Investment Property Exchange

investment property exchange
I bought a house a month ago.A man is living in an outbuilding claiming to have a lease for 5 years.?

The house was bought quickly as an investment.
We did not check the property properly before purchase as it is a large manor house which we intend to do up. We do not know what to do with this ‘tenant’ which we did not want. He tells us he signed a deed with the previous owner and he moved in 6 months before we exchanged contracts. Can we get rid of him? Can we sue the previous owner for his failure to tell us?Thanks.

You need to contact your solicitor. He needs to contact your vendor and verify this, and also see the so-called ‘deed’. Presumably you used a solicitor? If so, he has been grossly negligent in not finding out about this character. If you didn’t see one, get one now. You can have this person removed if he cannot prove his right to tenancy.

1031 Exchange Investment Property: What’s Ineligible


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