Buying tenant-in-situ means you inherit the existing tenancy and rent from day one. No void period, no re-let costs, but you can't vet the tenant yourself. Always request rent history, referencing documentation and deposit protection certificate before exchange.
Lettings term
Tenant in Situ
A property sold with an existing tenant in place.
Related lettings terms
More from this category
AST
The standard UK residential tenancy agreement.
Section 21
The no-fault eviction notice used by landlords, being abolished.
Section 8
Grounds-based possession notice for breach of tenancy.
Service charge
Annual fee to cover shared-area maintenance in apartment buildings.
Void
Period when a property is empty between tenancies.
Article 4
Council direction restricting conversion of homes to HMOs.
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