Selling a rented property. Can you sell a house with tenants?

There could be few important reasons for you to why you want to sell your rented property. It doesn’t matter why you want to do it. If you are wondering if it is possible, we give you an answer – yes it is possible to sell a house with tenants.

The important thing to keep in mind is that your tenants have their certain rights. First of all, always remember to inform them that you want to sell the house they are renting. Regardless of the sale, tenants have the right to stay in the house until the end of the lease agreed in the contract.

IS IT HARD TO SELL A HOUSE WITH TENANTS?

It depends on whether the buyer wants to buy your house - as an investment or lives in it. If it buys as an investment, tenants will not be a problem. Especially if they are good tenants who take care of the house and regularly pay the rent on time. It's more complicated when the buyer wants to live in the property they want to buy.

DOES SALES OF PROPERTY WITH TENANTS AFFECT ITS VALUE?

If you are selling a rented house, this may have an impact on its value. It all depends on the purpose for which the buyer buys the property. If the buyer buys a property as an investment and looks for one that is already rented with good tenants, he will be able to pay a higher price. But if for some reason he wants to remove tenants, it may be associated with additional costs. Then the purchase price of your property may be lower.

Your real estate agent will help you calculate whether the sale of the rented property is profitable for you.