Hi,
I am buying my first IP with a tenant and am wondering what the process is at settlement. He is renting through another agency that I am buying it through and has a periodic lease. I will be self managing the property. Is the current PM liable to hand over all his details to me at settlement? Or am I supposed to approach them? Or does my solicitor get his details? I will be offering him a new lease.
I am buying my first IP with a tenant and am wondering what the process is at settlement. He is renting through another agency that I am buying it through and has a periodic lease. I will be self managing the property. Is the current PM liable to hand over all his details to me at settlement? Or am I supposed to approach them? Or does my solicitor get his details? I will be offering him a new lease.