Definitions for "Sitting Tenant"
Keywords:  vacant, occupant, rent, occupy, fair
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.