Sell and Stay

How it works
Example
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Vendor

How it worksWorking Cogs

Your property is valued for sale and rent

  • A sale price and rent are agreed between you and your sell and stay representative
  • Solicitors are instructed (We can introduce you to a reputable local solicitor if required)
  • Sign Contracts
  • Sign an AST for a 12 month term
  • Pay 12 months rent from the sale proceeds, via solicitors on legal completion
  • Pay an administration fee of 1.5% to sell and stay from the proceeds of your sale via solicitors on legal completion

After legal completion you will ….

  • Pay Electric Gas and Water
  • Pay Council Tax
  • Pay for minor repairs (non Structural)
  • Keep the property and grounds in the same condition when sold
  • Spend your equity whichever way you desire !

Your landlord will …..

  • Pay Buildings insurance
  • Pay Plumbing repair cover
  • Pay electric repair cover
  • Pay gas cover – a landlords certificate will be provided
After 12 months you can decide to sign for a further 12 months AST or move on. Rent must be paid in advance on a monthly basis. Discounts may be offered if a further 12 months rent is paid upfront.