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Rent Derelict House With Option to Buy

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  • Rent Derelict House With Option to Buy

    Hi guys.

    My self and my wife are about to start renting a property that is in need of serious modernisation.It needs a kitchen, bathroom and some minor structural work, and completly redecorated.

    The house is owned by an old lady who is in a nursing home, and she has given her neice and nephew permission to sell the property, but it has been on the market for a year, so they placed it for rent.

    If we were to rent the property,and spend our time and money making it into a home, how can we make sure that they do not put us out or drastically increase the rent.

    I would also like advice on setting up a purchase option but will post that in the other sections.

    Any help would really be appreciated, we are so excited, the house is exactly where we want to live, its our run rown dream home.