Home News Selling a property with tenants

Selling a property with tenants

Font size :
 
Q. I am looking to sell my investment property; however, I still have tenants living in my property. Am I able to sell the property with the tenants still living in it?

A. It is possible to sell your investment property, however there are certain procedures you will need to follow. It is also important to keep communication lines open between you and the tenant to avoid problems in the future. Firstly, putting the property up for sale is not a reason to evict a tenant. If the tenant has a fixed term agreement, they are allowed to stay until the end of the lease. You may also be required to provide a certain amount of notice. Each state has different notice requirements, so make sure you check what applies to your state.

If you wish to have potential buyers comes and inspect the property, you also need to give appropriate notice to the tenant. It may be advisable to set aside a certain time period each week where buyers can come and inspect the property. This way, the tenant will know exactly when they will need to leave the house and will have enough notice to tidy the property. 

Advertising the property is extremely important, but once again, you will need to negotiate with the tenant if you wish to take photos of the property. Of course you will want to show off the property in its best form, so personal items will need to be kept to a minimum. 

Whether you are looking to buy your first home, move home, refinance, or invest in property, a mortgage broker can help. Access loans from all the major lenders, get help with paperwork – plus there is no charge for this service. Get help from a local mortgage broker

Mortgage News and Articles

New social housing aims to transform Ivanhoe Estate New social housing aims to transform Ivanhoe Estate

The sprawling redevelopment aims to boost the supply of affordable housing in Sydney Read more

A new suburb will be built in west Melbourne A new suburb will be built in west Melbourne Mount Atkinson will become home to more than 22,000 people over the next 15 years ... Read more

Surging house prices threaten liveability in Melbourne Surging house prices threaten liveability in Melbourne Analysts warn the city could become just as unaffordable as Sydney, if property trends continue ... Read more

More Aussies would benefit from regional hubs linked to cities More Aussies would benefit from regional hubs linked to cities Shorter commutes could spur higher home sales in regional towns, analysts say ... Read more

More mortgage news and articles

Sponsored Links

Sunday, Aug 20, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Let us help you find the right home loan for your needs.

Tell us a bit about your circumstances:
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords