Jack contacted me there yesterday on my YouTube
channel. I'd be certain about his ability for him. It appears
that he bought a property at auction. And now it transpires
that there is a tenant in the property and there is a dispute
between the tenant and the vendor of the property as to
who actually owns it. Now, I have a certain amount of
sympathy for the chap who contacted me and left a comment
on my YouTube channel but I've only a limited amount of
sympathy quite frankly and the reason for that is because
there's a channel. A video on my YouTube channel explaining
that if you're gonna buy at auction, there's one thing you
need to do and that is you need to do your homework before bid
and before you buy this chap appears to have bought the
property at auction thinking that he got a great bargain, a
tremendous bargain and then he went to a solicitor because it
appears to be the case now that his solicitor is saying to him,
no, you're not entitled to vacant possession and it's your
problem essentially. And from a legal perspective, that is
probably the case because the likelihood is that when the
documents were provided for the auction that the contract and
the documents of title and the special conditions in the
contract would have made it clear that there was a sitting
tenant may even have made it clear that there's a dispute
but certainly would have made it clear that there wouldn't be
vacant possession handed over and that there was a tenant
because I have come across quite a few properties for sale
where there was tenants. And people have contacted me and
asked me to have a look at the contracts and I have and I've
always had to warn them that there is a tenant in the
property. The vendor that is the receiver is saying they
know nothing about the tenant. There's no letting agreement.
They're not sure what the arrangement is. And I have to
warn the person who's thinking about buying the property. That
there may be a difficulty later on. Now, there may be, it may
not be in Safaris if you buy the property uh and serve the
proper notices and so forth after that, then, you can
obtain a vacant possession but it could take a while. It could
be slow especially if the tenant disputes but to revert
back to the original commenter on my YouTube channel
yesterday. The chat who has bought a property who is not
now getting vacant possession because he's been asked to come
the sale and the tenant is still there. And his
solicitor's telling him there's nothing you can do. You're on
your own. That unfortunately is the legal position. And the big
mistake this fella made was to buy the property without first
getting the solicitor to look at the contract and see what
was being offered. Because if that occurred the solicitor
would have immediately seen there's a tenant. You need to
be weary. You need to be cautious. There may be a
difficult getting this tenant out and so on and now that's
the situation this fellas in. His difficulty now is that the
vendor of the property, the receiver can actually pursue
him for a specific performance can sue him to complete the
sale. Eh and he'll be doing that on the basis that the
contract was provided beforehand. The special
conditions made it clear that there was a tenant and that
vacant possession was never going to be handed over. In
other words, it was never promised, never part of the
deal and that's something that would have been come apart had
the chap gone and got legal advice before the auction. Not
after. It's too late after and this is a point that I labor
time and time again on this YouTube channel and there is
one specific video that I've made about buying at auction
and the one thing that you need to do above all else is to
carry out your due diligence, your research before the
auction, not after because after, it's too late. The
hammer comes down, it's yours, you may go and complete the
sale, you have enlist it, you may soldier. Hope you find this
video useful. If you do, give it a thumbs up down below.
Thanks a lot.