The Property Podcast ASK475: How do I de-risk with delayed completion? PLUS: Should I use a Limited Company?
6 snips
May 6, 2025 In this engaging discussion, listeners learn about navigating the risks of buying properties with sitting tenants, especially when facing a six-month delay. The importance of legal support and proactive communication is emphasized to avoid costly issues. Additionally, the conversation explores the benefits of owning properties through a limited company versus personally, highlighting the need for professional tax advice. It's all about making informed decisions in the property market!
AI Snips
Chapters
Transcript
Episode notes
Use Price Discount as Risk Buffer
- Negotiate price discounts to buffer risks from potential property or tenant issues during delayed completion.
- Understand you are legally bound to complete, so assess tenant risk and property condition carefully.
Protect Yourself with a Good Solicitor
- Work with a solicitor experienced in delayed completion with sitting tenants to ensure proper contractual protections.
- Verify service charge, ground rent statements at exchange and completion to adjust payments accordingly.
Mix Ownership Structures Freely
- You can hold properties in both personal name and in a limited company simultaneously without issues.
- Consult an accountant for tax guidance and help with both self-assessment and company tax returns.