{"id":3760,"date":"2018-05-31T08:40:00","date_gmt":"2018-05-31T08:40:00","guid":{"rendered":"https:\/\/www.citylets.co.uk\/blog\/?p=3760"},"modified":"2018-05-31T08:40:00","modified_gmt":"2018-05-31T08:40:00","slug":"a-new-way-to-buy-sell-tenanted-property","status":"publish","type":"post","link":"https:\/\/www.citylets.co.uk\/blog\/a-new-way-to-buy-sell-tenanted-property\/","title":{"rendered":"A New Way to Buy &#038; Sell Tenanted Property"},"content":{"rendered":"<p>A lot has been written about the ever\u00a0increasing amount of rules,\u00a0tax changes and other regulations in the Scottish Private Rental Sector. This has resulted in many landlords beginning to question their long-term future within the sector and\u00a0to\u00a0consider selling their rental properties.<\/p>\n<p>Recent research by the National Landlords Association (NLA) stated that 19% of landlords intend to offload property\u00a0into the sales market\u00a0within the next 12 months, this will have a significant impact on tenants.\u00a0The\u00a0Portolio Property Market\u00a0offers\u00a0landlords another option by giving letting agents a platform to sell their property with a sitting tenant to a property investor.<\/p>\n<p>Selling\u00a0an occupied property\u00a0will not suit every situation and it is generally accepted that\u00a0selling after\u00a0the tenant has vacated\u00a0would usually deliver\u00a0a higher price but with greater costs to the landlord. Selling a tenanted property can however offer a cost effective solution.<\/p>\n<p><a href=\"https:\/\/www.citylets.co.uk\/blog\/a-new-way-to-buy-sell-tenanted-property\/edinburgh-portolio-blog\/\" rel=\"attachment wp-att-3762\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3762\" src=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Edinburgh-Portolio-blog.jpg\" alt=\"Edinburgh-Portolio-blog\" width=\"726\" height=\"485\" srcset=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Edinburgh-Portolio-blog.jpg 1400w, https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Edinburgh-Portolio-blog-400x267.jpg 400w, https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Edinburgh-Portolio-blog-800x534.jpg 800w, https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Edinburgh-Portolio-blog-768x512.jpg 768w, https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Edinburgh-Portolio-blog-1100x734.jpg 1100w\" sizes=\"auto, (max-width: 726px) 100vw, 726px\" \/><\/a><\/p>\n<h4><strong>Property Investors<\/strong><\/h4>\n<p>Buying tenanted property makes sense for the property investor who, on day one of ownership,\u00a0will expect to benefit from:<\/p>\n<ul>\n<li>Instant rental income<\/li>\n<li>A property which fully complies with current legislation<\/li>\n<li>A property that is\u00a0fully furnished and equipped<\/li>\n<\/ul>\n<h4><strong>Landlords and Tenants<\/strong><\/h4>\n<p>It makes sense to the selling landlord as:<\/p>\n<ul>\n<li>The process can be started without waiting for the tenants to vacate<\/li>\n<li>They get rental income right up to the point they no longer are the legal owners<\/li>\n<li>Their property is sold by a letting agent they trust<\/li>\n<\/ul>\n<p><a href=\"https:\/\/www.citylets.co.uk\/landlord-services\/\" rel=\"attachment wp-att-3534\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3534\" src=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/02\/landlords-banner.png\" alt=\"landlords-banner\" width=\"725\" height=\"110\" srcset=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/02\/landlords-banner.png 725w, https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/02\/landlords-banner-400x61.png 400w\" sizes=\"auto, (max-width: 725px) 100vw, 725px\" \/><\/a><\/p>\n<p>In short, it can be less risky, quicker and much less hassle selling a property with a sitting tenant through a letting agent.<\/p>\n<p>It\u2019s also ideal for the tenant as they don\u2019t need to vacate and search for another property in an often highly competitive and under supplied market.<\/p>\n<h4><strong>Making a Difference<\/strong><\/h4>\n<p>Over the last 6 months <a href=\"https:\/\/portolio.co.uk\/\">Portolio Property Market<\/a> has developed a growing database of property investors who are eager to buy\u00a0tenanted properties. The company believes that both the status quo is changing, in that, no longer do landlords have to terminate a tenancy before selling, and <a href=\"https:\/\/www.citylets.co.uk\/letting-agents\/\">letting agents<\/a> are uniquely skilled and positioned to sell tenanted property for their landlords.<\/p>\n<p>\u201cPortolio offers a service which isn\u2019t currently available anywhere else. Not every landlord is able to wait until a tenancy ends to sell their property. Therefore, being able to sell a property with a sitting tenant is a win-win situation for my client, the tenant and the investor.\u201d &#8211; Jonathan Gordon of <a href=\"https:\/\/www.citylets.co.uk\/letting-agents-edinburgh\/clan-gordon\/\">Clan Gordon<\/a>.<\/p>\n<p>\u201cCreating Portolio is a mission to help landlords, letting agents, property investors and\u00a0tenants in an ever changing market.\u00a0It\u2019s our goal to help make property investment more transparent and straightforward whilst, at the same time, supporting the many parts that make up the rental sector.\u201d &#8211; Chris Wood, Portolio Property Market.<\/p>\n<p><a href=\"https:\/\/www.citylets.co.uk\/blog\/a-new-way-to-buy-sell-tenanted-property\/chris-wood-portolio-founder\/\" rel=\"attachment wp-att-3763\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3763\" src=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Chris-Wood-portolio-founder.jpg\" alt=\"Chris Wood portolio founder\" width=\"741\" height=\"494\" srcset=\"https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Chris-Wood-portolio-founder.jpg 1400w, https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Chris-Wood-portolio-founder-400x267.jpg 400w, https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Chris-Wood-portolio-founder-800x533.jpg 800w, https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Chris-Wood-portolio-founder-768x512.jpg 768w, https:\/\/www.citylets.co.uk\/blog\/wp-content\/uploads\/2018\/05\/Chris-Wood-portolio-founder-1100x733.jpg 1100w\" sizes=\"auto, (max-width: 741px) 100vw, 741px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A lot has been written about the ever\u00a0increasing amount of rules,\u00a0tax changes and other regulations in the Scottish Private Rental Sector. This has resulted in many landlords beginning to question their long-term future within the sector and\u00a0to\u00a0consider selling their rental properties. Recent research by the National Landlords Association (NLA) stated that 19% of landlords intend &#8230;<\/p>\n","protected":false},"author":1,"featured_media":3762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[188,369,1],"tags":[376,423,424],"class_list":["post-3760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-client-profiles","category-edinburgh-property-investment","category-property","tag-clan-gordon","tag-portolio-property-market","tag-sitting-tenant","client-profiles","edinburgh-property-investment","property"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>A New Way to Buy &amp; Sell Tenanted Property - Citylets blog<\/title>\r\n<meta name=\"description\" content=\"Selling a property with a sitting tenant through a letting agency can be less risky, quicker and cost effective. 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