Tenant on periodic lease leaving mid settlement?

Discussion in 'The Buying & Selling Process' started by Johnny Cashflow, 30th Jan, 2017.

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  1. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    29th Jun, 2015
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    SA
    I am currently selling a property privately.
    It is rented with periodic lease

    Tenant has informed me they want to leave which is a real pain because they told the person buying that they were wanting to stay.

    The conveyancer is preparing the contract of sale. The tenant has not given me a date they want to leave. What do I do in regards to selling it now? Do I tell the conveyancer they are wanting to leave?
     
    Johnny Cashflow, 30th Jan, 2017
    #1
  2. thatbum

    thatbum Well-Known Member

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    I don't really get the problem. Is there a specific buyer lined up, or is this the general contract of sale?

    When you get a specific buyer, just find out whether they want vacant possession or a tenant in situ - and amend the contract accordingly.
     
    thatbum, 30th Jan, 2017
    #2
  3. Johnny Cashflow

    Johnny Cashflow Well-Known Member

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    Yes have buyer lined up. They have viewed the property and under the impression it is tenanted with a good tenant that has been there for 2 years. I'm probably overreacting but think losing the tenant may scare them off
     
    Johnny Cashflow, 30th Jan, 2017
    #3
  4. Luke T

    Luke T Well-Known Member

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    just be honest - and worst case offer to find them(buyer) a new tenant (if you really wan to keep them) if they have an issue
     
    Luke T, 1st Feb, 2017
    #4
    wylie likes this.