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Sell a Tenanted Property in Leeds

Get a quick and guaranteed sale on your buy-to-let house in Leeds with We Buy Any Home

✔ True market valuation with no hidden fees
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Get a free cash offer for your house in Leeds

Our quick and easy process to sell your a tenanted property in Leeds is as follows…

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  • Make an enquiry online or give us a call

    If you’re curious to know how much you could sell your house with tenants in Leeds for, then look no further. With our free cash offer tool, you can get a true market valuation within 24 hours, according to the latest sales figures for similar buy to let properties in your postcode.

  • Receive a formal offer the very next day

    Once your enquiry has been processed, a member of our experienced cash buying team will call you back to discuss the offer. You can also ask us any questions about the process and discuss a timeframe for the sale. If you’re happy, we’ll then provide a formal offer in writing.

  • Relax while we finalise the paperwork

    Once you’ve accepted our valuation, we’ll get started on the paperwork. This includes arranging a solicitor to draw up a contract and having an independent valuer carry out a house survey to check our estimate. Once confirmed, you’ll get paid in as little as 1 week.

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Selling a buy-to-let property in Leeds

What is buy to let?

A buy-to-let property is a house bought for the sole purpose of renting to tenants to make a profit. For some landlords, these investment properties are part of a portfolio of homes in Leeds. But despite a booming rental market, buy-to-let houses are losing their appeal.

Following government changes, landlords are now facing higher upfront taxes and stricter regulations which have lowered their profits considerably. Covid-19 has also impacted the types of homes renters are seeking – notably suburban properties with gardens – leaving some city centre buy to let landlords struggling to find good tenants who want to stick around for the long term.

As a result, around a fifth of landlords across the city are looking to sell up.

Similarly, as house prices soar in Leeds, many buy-to-let owners are making the most of the profitable market. The average sale price for homes in Leeds is now £253k – that’s a 24% rise in just one year! The only problem is that tenanted properties in Leeds (currently rented out) will only appeal to other landlords, so they take longer to sell. And if you have problem tenants, buyers won’t invest until they’re evicted. So what are your options? Let’s find out…

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Selling A Tenanted Property in Leeds FAQ's

If you sell a property with a tenant in situ, then the tenancy agreement can be taken over by the new landlord. The tenant will continue living at the property until the agreement expires. The new owner can then decide to renew or evict the tenant.

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What happens if you sell a property with a tenant in situ?

If you sell a property with a tenant in situ, then the tenancy agreement can be taken over by the new landlord. The tenant will continue living at the property until the agreement expires. The new owner can then decide to renew or evict the tenant.

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Is it better to sell a house with or without tenants?

Selling a house without tenants is easier when approaching regular buyers who want to move into the property. However, if you have access to other landlords or investors, they may be open to taking on the property as an investment opportunity.

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Why are houses sold with tenants?

When properties are sold with tenants, the new landlord is able to begin receiving rental income, which provides a means of investment. Sometimes, due to existing tenancy agreements, properties have to be sold with the tenant still living there.

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Is it easier to sell a house with tenants?

It is easier to sell a house with tenants if you have access to investors or landlords willing to take over a tenancy agreement. If not, at We Buy Any Home, we can purchase properties in as little as seven days with minimal disruption.

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How much does it cost to sell a tenanted property?

If you choose to sell with a cash house buyer like us at We Buy Any Home, there are no upfront fees or hidden costs. It’s completely free, and you can receive rental income right up till the selling day. However, with the traditional route, there may be a loss of rental income, solicitor fees, estate agents and event refurbishment costs to consider.

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Can I sell my tenanted property?

Yes, you can, get in touch through our enquiry form, and we’ll contact you within 24 hours with a cash offer.

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How much notice do I have to give a tenant if I want to sell my house?

If your tenant has lived in the property for more than six months and you are evicting them for the reason of selling, you must give them 84 days’ notice. If it has been less than six months, it will be 28 days.

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Get a free cash offer for your home in Leeds

Selling a property with tenants in Leeds

If you’re looking to sell a property with tenants in Leeds, you have two options. You can either sell to another landlord who will have to abide by the existing rental agreement until it ends, or you can take legal possession of your property and sell it once the tenants have left.

Selling a house in Leeds with tenants in situ

In this case, your tenants will continue to live in the property after it is sold as per the terms of their Assured Tenancy Shorthold Agreement and they will pay rent to the new landlord. Until the fixed-term agreement expires, the buyer will have to stand by the terms of the rental agreement, which includes keeping the rent at the agreed rate and not giving tenants notice to leave until after a certain date.

However, if you need a quick and hassle-free sale, a reliable cash-buying company like We Buy Any Home is likely the best option. We buy tenanted properties across Leeds, from Morley to Scarcroft and everywhere in between. We honour tenancy agreements already in place and continue managing homes as buy-to-lets to avoid uprooting tenants unnecessarily.

Repossess the property before selling

Alternatively, you can ask your tenants to leave and legally repossess the property. Obviously, you will have to provide a certain amount of notice so your tenants can find somewhere else to live – usually one to two months. The exception to this would be if the tenant breaks the terms of the contract, for example, by not paying rent or causing damage.

How long you need to wait before selling your home will depend on the tenancy agreement, which outlines the minimum time the tenant has the right to live there. As the property must be vacant once sold, this can prolong the sales process. However, it will also make selling a property with tenants in Leeds much easier, as you’ll be able sell to a regular buyer.

We Buy Any Home will purchase your tenanted property in Leeds without viewing it first, whatever the condition. This is also ideal if you’re struggling to sell a messy student house in Headingley or Hyde Park, that you won’t be able to clean until its empty.

Assured Shorthold
Tenancy Agreement

When selling your house with a tenant in Leeds, you’ll need to factor in any existing Assured Shorthold Tenancy Agreement. Used in the private sector, this is simply a contract between you (the landlord) and the person renting your home (the tenant). It provides details of the tenancy start date, rent to be paid and when, and gives the tenant certain rights while in situ.

Most importantly, a Assured Shorthold Tenancy Agreement will outline the minimum duration they have the right to live in the property – typically between 6-12 months – before you can ask them to leave.

You’ll also have to provide at least 24 hours’ warning before visiting the property, as they have the right to “quiet enjoyment” while living there. And if you do decide to sell, you’ll need to provide a formal eviction notice and abide by the agreed notice period.

Depending on how long this period is and what state the house is in, some buyers may be put off purchasing your buy-to-let house in Leeds. This is where We Buy Any Home can help. With us, you can avoid having to wait and refurbish before listing your home – we will buy everything from terraces in Armley to flats in Kirkstall, whatever the age or condition.

Read more about Selling A Tenanted property in Leeds

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