In a recent savings.com.au, Jacob Cocciolone speaks to Chamberlain Property Advocates about the ins and outs of selling a property that is currently occupied by renters.
The first key point is having a good understanding of the lease agreement and giving tenants appropriate notice based on the terms of the lease. The second key point discussed in the article was giving tenants at least 24-48 hours notice before any property inspections take place. Another key rule is to be mindful of the tenant’s right to privacy and asking the tenant for permission for any photos you might want to take of the inside of the property, permission for any signage you wish to display on the property and for any on-site auctions that will be taking place.
There needs to be open, honest and transparent communication as well as a good understanding of renter’s rights and responsibilities. Always remember that the renters call that property their home and it can be an unsettling time for them as they may not know if their lease will be extended.
For a smooth process, Wendy Chamberlain, Director of Chamberlain Property Advocates told Savings.com.au just how important it was to keep your renter updated and always in the loop.
“From the first communication advising that the home is going to be sold, right throughout the entire process…explain to them clearly the processes involved, the timelines, the access to the home that will be required, the open inspection times or private inspection times and always provide them with sufficient notice”, Ms Chamberlain said.
For a list of all the pros and cons of selling a property with renters in it, as well as hints on how to ensure you do the right thing as rental providers during the whole selling process, read the full article on our website.
If you would like help with every stage of the selling process so that the stress is taken out for you, call us to find out how a selling agent can help you.
Talk to me about how I can help you sell your home.
Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation, so why not call today?
By Wendy Chamberlain
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With a passion for all things real estate spanning 20 years, Wendy loves that her role as a Buyers and Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.
