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How to Notify Tenants that you Plan to Put your Home Up for Sale

If you decide to sell your rental property, but there are tenants currently living in it, you can still show the unit to potential buyers, but first have to inform the renters in advance.

At some point landlords may decide that they want to sell their properties, but first they have to notify the tenants which are living there at the moment. I was in similar situation a few months ago when I decided it will be better for me to sell the unit instead of renting it. I wanted to start my own restaurant business and preferred not to go for any loans at this point. The thing was that back then my home was occupied by 2 renters. The lease was about to expire in 5 months. Initially I was not sure how to proceed and whether I had the legal right to show the place to potential byers when there is still someone inside. That's why I turned to professionals for some tips which I will share with you right now for free. So, if you are wondering how to approach this specific situation, just keep on reading.

The lease agreement you signed with your current lessees is valid until the expiration date. Unless they break some of the clauses and you have legal causes for eviction, they will stay there until the end of the contract. In some lease agreements it is stated that landlords have the right to start eviction procedures in case the rent is not paid for certain amount of time. The different states, areas, countries and so on have different jurisdictions, but usually after 3 months of delay, lessors have the right to evict them. But even if you have to wait for a few months before the tenants move out, this is not an obstacle and you can still show the property to potential buyers. However, you must notify the renters on time about the upcoming visitation.

The majority of lease agreements state that tenants are obliged to cooperate with agents of the landlord including contractors, appraisers and real estate agents. And if you forget to include such a clause in the contract, then act according the local laws. In both cases landlords should inform the tenants in advance that someone is going to visit the property. This warning period is usually between 24 and 48 hours and often it is written in the lease agreement. This time is enough for the renters to put the place in order and sometimes they can refer to carpet steam cleaning from Melbourne professional cleaners. Even if the place is not in a flawless condition, there is no need to worry too much as potential buyers are aware that tenants may not keep the place clean and tidy.

If the tenant presents a proper note according to the local laws or as stated in the lease contractFree Reprint Articles, the renter does not have the right to require that the visitation will be made only when he is at the property.

Source: Free Articles from ArticlesFactory.com

ABOUT THE AUTHOR


Tom Dwan is a consultant for carpet steam cleaning from Melbourne professional cleaners. His resume is long enough and also includes working for the furniture giant IKEA and other smaller companies. In his spare time he likes to play chess, football and Texas hold em.



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