Hi all,
As mentioned in a different post, I am thinking of selling my property under vendor finance.
This would mean that the buyer will sign an agreement to buy my property at a future price at a future date (3 years from today). On top of that, they will also agree to an installment plan over the 3 years they are "renting" from me.
Do anyone see any issues with building insurance companies? Will they be able to insure the building (landlord and building insurance) with the vendor finance agreement in place?
Cheers,
SK
As mentioned in a different post, I am thinking of selling my property under vendor finance.
This would mean that the buyer will sign an agreement to buy my property at a future price at a future date (3 years from today). On top of that, they will also agree to an installment plan over the 3 years they are "renting" from me.
Do anyone see any issues with building insurance companies? Will they be able to insure the building (landlord and building insurance) with the vendor finance agreement in place?
Cheers,
SK