Question: what does 'rent reserved' mean?

2202 pts ?

what does 'rent reserved' mean?

I'm looking at a one bed flat in my area that is going to auction, on rightmove it say's 'rent reserved' £7,800 per annum

I've searched google and can't get a simple answer.

Can anyone explain please?

Cheers

J

Answers

2825 pts ?
04-03-2011 | 10:28

no idea matey, but when you google search everyone knows what your bidding on now.

2202 pts ?
04-03-2011 | 11:16

lol no matter mate, just checking this out and getting a feel for auctions, not planning on buying anything yet until I see that good deals can be found there..

1006 pts ?
04-03-2011 | 15:06

I would suggest that the rent has been pre fixed at £650 pcm for a year

Regards

Paul

2370 pts ?
04-03-2011 | 18:53

I would assume that it is a contracturally agreed rental amount - BUT I would make sure what sort of tenancy it is and that its not a term used for regulated tenancies where its hard to evict/increase rents (used before Jan 1989).

Regards, Debbie

6367 pts ?
  • Former VIP
04-03-2011 | 23:02
Jase;398316 wrote:
I'm looking at a one bed flat in my area that is going to auction, on rightmove it say's 'rent reserved' £7,800 per annum

I've searched google and can't get a simple answer.

Can anyone explain please?

Cheers

J

Hi J

Never assume when buying property.

Phone the auction house and they will happily answer all your questions.

Register on the auction web site and you may get access to the legal documents of the property. You can also register for an email alert when the next auction will take place.

Steve

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