someone who has a legal right of occupation, even if the property is sold to someone else, and can apply to the local authority to set a fair rent.
This is to occupy a property as a Tenant, and to have legal rights but without a lease. A sale would be subject to any rights of a tenant who has occupation. Such a tenant can apply to the local authority to set a fair rent. Properties with sitting tenants are generally worth 30-40% less than their open market value with vacant possession.
An individual that is renting and occupying a property who has legal rights to remain in the property.
This is someone who has a legal right of occupation, even when a property changes ownership. They also have a right to apply to their local authority to set a fair rent.
A tenancy when the occupant has a right to live in the property even if sold to someone else.
A person or group of people currently renting and occupying a property. They have legal rights of occupation, even if the property changes ownership, and can also apply for the local authority to set a fair rent. Properties with sitting tenants are often cheaper but more difficult to sell than equivalent properties with ‘vacant possessionâ€(tm).
This is someone who has the right to occupy a property. This right remains even if the property changes hands. Properties with sitting tenants are much less marketable than those with vacant possession.
A person having a legal right of occupation, even if the property changes ownership, and who is able to apply to the local authority to set a fair rent. Properties with sitting tenants are generally worth at least 30% - 40% less than their open market value with vacant possession.
To occupy the property as tenant, but have legal rights without a lease. Any sale would be subject to any rights of a tenant who has occupation. A property with a sitting tenant can often have a much reduced asking price.