Any advice on letting short term to a Buyer of my House?

[robm3]

We're about to exchange contracts on the sale of our house but settlement is in 3 months.

As we're actually moving overseas in two weeks the Buyers have asked if they can move and rent prior to settlement.

Positives:
We get a small amount of cash and don't need to pay bills
House is not vacant so less chance of 'issues'

Negatives:
Not really sure, can anyone list any??

[Wacky Racer]

If they want to move in, and you want to leave in two weeks, why can't they complete then?

[anonymous-user]

Once they have exchanged they can move in under licence by agreement, your solicitor can arrange that.

[Spudler]

Wacky Racer said:

If they want to move in, and you want to leave in two weeks, why can't they complete then?

My thoughts^^.

Wouldn't entertain the idea otherwise.

[Busamav]

We had a similar situation with our purchase 3 years ago.

Our house was sold and the purchase was empty , BUT , there was a last minute problem with the land registry boundary line .

It would take 3 months to sort , we offered to move in on the basis we moved out within a month if the land registry problem could not be sorted , or we rented elsewhere and started looking for something else.

A shake of the hand and no paperwork and we moved in , the solicitors were going ape , but we had a " gentlemans agreement " and all was fine .They didnt even want rent for the period.

I would let them rent but get a firm agreement and all the " what ifs " clearly accounted for , with time limits.