Selling A Property With Tenants
I am thinking of selling an investment property which has tenants in it. I have spoken to them about this and they are fine with it. Is there anything I need to consider here?
First of all I am glad that you have spoken to your tenants about this. Many landlords don’t and this can cause a lot of bad feeling and even cause your tenants to leave early. Unless it is written into their original contract tenants do not have to allow viewings and if the agent continues to do them against their permission that could amount to you breaking your side of the contract, which must allow them peaceful enjoyment of the property, and therefore not being entitled to rent! Since the tenants are happy with the arrangement make sure your agent has the tenants contact details and a set of keys / fobs. Ask your agent to give the tenants reasonable notice (at least 24hrs) and ask your tenants to keep the property tidy for viewings. Keep in contact with both your agent and tenants to make sure viewings are going smoothly.