Thousands of properties with tenants in situ now on sales market
Summary
An analysis by The Letting Partnership indicates that 8,553 homes are currently being marketed for sale with tenants in situ across England, representing 1.8% of available sales stock. The article highlights regional variation and notes that transactions involving tenanted properties require careful handling of deposits, rent ledgers and client money records to ensure a clean handover.
Why it matters
Residential surveyors may encounter tenanted properties in sales instructions, where tenancy status, deposit protection and rent apportionment can affect due diligence and transaction risk. Clear documentation is important to support accurate reporting on occupancy, financial history and any issues that could influence saleability or completion.
Key points
- 8,553 homes are listed for sale with tenants in situ across England.
- Yorkshire and the Humber has the highest proportion relative to sales stock, followed by the North West and North East.
- London has the lowest proportion of tenanted properties on the sales market.
- Buyers of tenanted properties inherit the existing tenancy and associated financial history.
- Deposit protection, rent ledger reconciliation and apportionment of rent at completion are highlighted as key checks.
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