Property

Selling your rental property

SOMETIMES an investment property may need to be listed for sale while still tenanted.

It is essential to consider the tenant in this transaction and ultimately the relationship between the tenant and property manager is something that will make marketing the property for sale as smooth as possible.

When listing an investment property for sale the tenant must be given a Form 10 - Notice of lessor's intention to sell premises.

If the tenant has occupied the residence for less than two months and they were not advised of the intention to list the property for sale, the tenant has the option of ending the agreement with two weeks notice.

If the property is listed for sale, it is important to remember the tenants lease is a priority and the tenant cannot be forced to leave if they are on a fixed agreement.

Tony Franke from Ray White Toowoomba Range and Highfields explains there are many other things to consider when listing an investment property for sale.

"Selling agents must respect tenants rights when selling an investment property," Mr Franke said.

"Tenants should be provided with details of how the property will be marketed and for privacy reasons, it is essential to gain tenants written approval for any photos of their possessions used in marketing materials.

"It's also important the selling agent discuss open houses with the tenant and obtain their agreement in writing."

Mr Franke said communication was the key to successfully listing and marketing an investment property for sale.

Topics:  investment, rental, rental market, selling, tenants


Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Texting driver’s failure to wear seatbelt defended

Texting driver’s sister speaks out.

Texting sister speaks out about previous crash

PHOTOS: Angry cats line up for poop contest

One of the 500 entries in the World’s Most Angry Cat Poopy Face competition.

Yes, this story is all about cats and crap...

Event to raise money for Maleny Music Festival

GOOD CAUSE: Don’t miss the Eltonettes at the Maleny Film Festival fundraiser.

An event this weekend will raise money for the Maleny Music Festival

Latest deals and offers

Clive Palmer won't rule out standing for a Senate seat

AT A press conference following what is likely his final speech in the House of Representatives Clive Palmer has looked back at his time as Member for Fairfax.

Texting driver’s failure to wear seatbelt defended

Texting driver’s sister speaks out.

Texting sister speaks out about previous crash

PHOTOS: Angry cats line up for poop contest

One of the 500 entries in the World’s Most Angry Cat Poopy Face competition.

Yes, this story is all about cats and crap...

Event to raise money for Maleny Music Festival

GOOD CAUSE: Don’t miss the Eltonettes at the Maleny Film Festival fundraiser.

An event this weekend will raise money for the Maleny Music Festival

OPINION: Why I am (almost) sad to see Clive Palmer go

Clive Palmer at the Sunshine Coast Show. Unfortunately the joke's now on us.

Yes I was one of those who actually voted for Clive Palmer

Hodges’ app will unlock sporting potential

TRY THIS: Flaxton man Jeffrey Hodges has published two books and recently released an app.

Flaxton's Jeffrey Hodges has released a free app to help athletes.

Spectacular Crash as Corvette Flips at Drag Races

Corvette flips at 350kmh.

Driver walks away from 350kmh crash in Texas.

Star Wars: Force Awakens told in Emojis

Disney has released an emoji version of The Force Awakens.

To commemorate Star Wars Day, Disney releases emoji version of film on a smart...

NYPD join dance challenge

New York Police respond to NZ dance challenge.

New York's finest accept Kiwi dance challenge.

Demand for acreage lots pushes up property prices

Property values in Cooroy have increased 25%

Property values jump in Cooroy and Peachester.

How a sacked real estate agent made $725k in four months

Agent is now under investigation by the industry watchdog

RBA warns of future apartment oversupply

Toowoomba: Crest Apartments and Burke & Wills, Ruthven Street ( view from Neil Street) Photo Bev Lacey / The Chronicle

RBA says oversupply of apartments poses risk to household finances