Hi all,
We have recently accepted an offer from a tenant in one of our rented properties. The offer was accepted 4 weeks ago and we aren’t near the stage of exchange yet.
I was made aware by a neighbour that the tenants have started to do building work to the property (this hasn’t been authorised by us) I drove by the property tonight and it is clear to see that it is indeed a building site…. We have not been able to contact the tenants.
The concern that I have is if the sale collapses for whatever reason then we are left with a building site that will have depreciated in the value.
Any advice welcome?