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Mar, 2017

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  1. #1

    Default Investment purchase of furnished tenanted flat - what happens to the furniture?

    I have had an offer accepted on a AST tenanted flat, which I am buying as an investment. I agree the price with the agent, but didn't mention about whether furniture was included.

    I would like to keep the furniture (while it is basic, it saves the hassle of getting new stuff for the tenant), and just assumed that it would be included. As the property is being sold with a lease in place, and the lease is has (presumably) an inventory, could I argue that the furniture is part of the AST lease which is being sold?

  2. #2
    Join Date
    Oct 2009
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    8,909

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    Are you sure the furniture isn't the tenant's?

    Someone asked this same question a few years back. The consensus seemed to be that it would be impossible for seller to remove the furniture before completion. Perhaps point that out to him.

  3. #3
    Join Date
    Sep 2016
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    Midlands
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    Surely you've got copies of the tenancy agreement and of the inventory?

  4. #4

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    Quote Originally Posted by StuartH View Post
    Surely you've got copies of the tenancy agreement and of the inventory?
    We are waiting for the owner's solicitors to pass these on - the tenancy is managed by a reputable agent, so I'm not expecting any surprises on the tenancy itself, and hopefully a basic inventory of what the current owner provides to the tenants...

  5. #5
    Join Date
    Sep 2016
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    Midlands
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    ... and you made an offer not knowing what you were getting? Hmm. Good luck with that.

  6. #6
    Join Date
    Mar 2009
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    This forum and other similar ones show the sad consequences on rely on what others say are "reputable agents" . There are good agents, I have one, but i fear they are rare as 'ens teef
    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

  7. #7
    Join Date
    Jul 2016
    Posts
    268

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    well when you get the contract there should be an accompanying document setting out exactly what fittings are included. You can then negotiate a price if you must.

  8. #8
    Join Date
    Mar 2009
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    Don't think the purchasing party gets a choice: Under Law of Property Act 1925 (??) new owner takes on the responsibilities and rights of the old owner, and they include deposit (even if you don;t get sent the ££) and the inventory: Stone me, there's the poor, Innocent, tenant sleeping in the provided-and-noted-on-inventory bed & you think you have the right to chuck it out?

    No offence, but no wonder some landlords are regarded as less than perect
    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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