Selling an ip while tenants are living in it

Discussion in 'Property Management' started by Darren A, 7th Aug, 2015.

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  1. Chris Au

    Chris Au Well-Known Member

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    NSW
    Agree with Wylie. For an IP I sold recently, I approached the tenant before advertising to advise them about my intention. I gave them first bite at the cherry (would have saved some selling costs!). They appreciated that I approached them first and kept the place clean for open homes.

    As far as fixed term rentals, I had also been advised that the lease can be broken as long as it's mutual agreement between both parties. I would go down Wylie's path and agree to a payout and referral for their next property.
     
    Chris Au, 7th Aug, 2015
    #21
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