Can i sell my flat before my tenants lease ends?
Tuesday, March 31st, 2009 at
8:07 pm
I want to sell, but understand that my tenants have the legal right to stay until the end of their lease (5 more months). It could potentially take that long to get an offer and complete so can i put it on the market now with something like an ‘available from’ date? If not what is the situation with regard to ’sitting tenants’?
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Tagged with: Lease Ends • Regard • Sitting Tenants
Filed under: flat sale
It is in your best interest to work something out with your tenants first before you put your flat on the market. Tenants that are unhappy can be major obstacles. An Example of helping get the tenants co-operation is to suggest that if they allow the flat to be shown that you will paid then so much for each showing, or reduce the rent by so much. IF THE TENANT will not permit the flat to be shown you will need to wait out the time that is left. The other choice that you have at your disposal is that if you approach the tenant and offer to at the close of escrow refund them say two months of rent, if they allow you to put it on the market. Money talks. A buyer must be able to take a look at the interior of the flat, without the tenants co-operation you are wasting your time putting it on the market..