What should I consider if the property I want to buy is currently rented?

If the property is rented, it’s essential to know that some properties will have a specified vacancy date, while others may have tenants with plans to stay longer.

Upon purchase, the existing tenancy agreement and terms will transfer to you as the new landlord. If you wish to occupy the property yourself, you’re required to give the current tenant a minimum of 12 months' notice, assuming the seller hasn't already done so.

Consulting with a real estate expert is advisable to clarify the next steps and address any specific conditions based on your situation.