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Investing in a property with a sitting tenant involves a slightly different process compared to purchasing a vacant property, but it offers unique advantages that can make it worthwhile. Let's look at the key benefits of buying a property with a sitting tenant, as well as why it could be a great way to build your portfolio. 

The process of investing in a property with a sitting tenant 

Firstly, it’s important to thoroughly assess the property and understand the existing tenancy agreement. This includes reviewing the agreement’s terms, rent details, the duration of the tenancy, and any other obligations the tenant may have. It's also crucial to evaluate the tenant's rental history to ensure they have a strong track record of timely payments and proper maintenance of the property. 

Immediate rental income 

One of the most significant benefits of purchasing a property with a sitting tenant is the immediate rental income. Unlike vacant properties, where you may face months of searching for a suitable tenant, a property with an existing tenant generates income from day one. 

This instant cash flow can help offset mortgage payments, maintenance costs, and other expenses associated with property ownership. 

Reduce vacancy risk 

Vacancy periods are a concern for any landlord, as a vacant property generates no income while still incurring costs. By investing in a property with a sitting tenant, you can minimise the risk of lengthy vacancies. 

A sitting tenant ensures continued rental income, provides financial stability, and reduces the time and effort required to find new tenants. 

Potential higher returns 

Properties with sitting tenants may be priced slightly lower than vacant properties as not all landlords favour them. Therefore, if you’re willing to take on a sitting tenant, you could be able to buy a property at a discounted price, potentially leading to improved return on investment in the long run. 

How we can help 

If you’re considering investing in a property with a sitting tenant, we will guide you through every step of the process with expertise and care. From the initial assessment of the tenancy agreement to understanding the tenant's rental history, we will make sure that you have a clear picture of the property's situation. 

Contact us today to find out more about our lettings managed services 

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Edward Street, Altofts

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Situated in Altofts is this FIVE bedroom detached home benefitting from OPEN PLAN kitchen/diner/lounge and MODERN bathrooms. VIEWING ESSENTIAL. EPC rating B81.

Lingwell Nook Lane, Lofthouse Gate, Wakefield

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Situated in Lofthouse is this THREE bedroom semi detached property benefitting from MODERN fitted kitchen and ENCLOSED rear garden. VIEWING ESSENTIAL. EPC rating C75.

Park Avenue, Outwood, Wakefield

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Three bedroom semi detached house on a generous size CORNER PLOT with off road parking, GARAGE and further outhouses. Having two reception rooms and pleasant gardens to the front, side and rear. An internal viewing is recommended on this home. EPC rating D63

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A semi detached house, deceptively spacious with two reception rooms, THREE FIRST FLOOR BEDROOMS, a downstairs bathroom, attractive enclosed rear garden, two driveway parking spaces and a GARAGE.EPC rating D61

What Our Customers Say...

Fantastic service Very productive in a market that is difficult and stressful. Helpful and always keeping you up to date with great advice in the process. John 09/06/2025
Wonderful, friendly service from Francesca and the team. Thankyou for making the whole experience from viewing to signing up and getting the keys a 5 Star service. Susan 09/06/2025
Both Donna & Joanne did a wonderful job for me & kept me informed every step of the way. Thank you both. Marilyn 09/06/2025
Roger Hall visited us and gave us a valuation in October, after reviewing other estate agents we agreed to go ahead with Richard Kendall a week later. In the space of just 15 days we had an offer we had accepted on our property. We were buying a new build property with a long lead time (6 months), and Richard Kendall were fantastic in ensuring our prospective buyers (and anyone else in the chain) knew of the situation. I can't fault the speed or communication of the team, particularly Karen Dawson who helped us at every step. Andrew 09/06/2025
Excellent service and very professional. Mandy kept me informed and was very helpful throughout my sale with regular updates , always very happy and honest and it was a pleasure to have Mandy as my negotiator . I will definitely recommend Richard Kendall. David 09/06/2025
We’ve just sold a property with Richard Kendall and couldn’t be happier with the excellent service received from Lucy and the team. Their professionalism and communication throughout was spot on and made the whole process much less stressful. We were also really impressed with their marketing of the property which resulted in lots of viewings, offers and the sale price we wanted. We actually moved to Richard Kendall from another local agent and couldn’t believe the difference in all aspects of the process. Brilliant from start to finish, can’t recommend Lucy and the team highly enough. Lydia 09/06/2025
The entire process of selling my parents' property during a difficult time was handled with exemplary care and professionalism. Amanda and the team at the Wakefield office were fantastic throughout. Their attention to detail, clear communication, and supportive approach made a challenging situation much easier to navigate. Special thanks again to Amanda, Andy and Donna for their invaluable input and assistance. Their expertise and dedication truly stood out. I highly recommend this team for anyone seeking a smooth and supportive property sale experience. Ben 09/06/2025
We sold out flat through Richard Kendall, working mainly with Karen Marijewko and we could not have had a better experience than we did. Karen kept in touch through the full process without any prompting required, she was so supportive and helpful! We really couldn’t have asked for more from the agency in general but especially from Karen. The process wasn’t the smoothest but Karen helped move it along and always kept us in mind to get us the best experience, we are so grateful for everything Karen has done for us! Sarah & Warren 09/06/2025
The support that Liz from the Wakefield office, gave at this time is unmeasurable. Many thanks for going above and beyond and endeavouring to get our sale over the line. Ricahrd 09/06/2025

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