Your landlord is selling – what now?
So your landlord has decided to sell the home you’re living in?
First things first your landlord or landlords agent need to provide you with 14 days written notice. Once this is period is complete they can commence any advertising or perform any open homes/inspections at the property.
Inspections during the sale can only be performed between 8am and 8pm Monday to Saturday. They will need to provide at least 48 hours’ notice beforehand. Make sure you’re in contact with the agent, and ensure you let them know of your availability during the process. They want your experience to be as comfortable as possible for all involved.
It’s important to understand that if in a fixed term lease during the time of sale, you are protected. If you’re not within a lease and an owner occupier purchases the property you may receive a 30 day notice to vacate the property once the property has gone unconditional.
- They must give you at least 14 days notice of their intention to sell the property this must be in writing
- Inspections can only be between 8am – 8pm Monday to Saturday
- They must give you 48 Hours notice prior to an inspection
- You are protected until the end of your fixed term
- If the property is sold and you are in a periodic lease they can give you 30 days notice
- They can only conduct two inspections per week
Other common questions include:
Q. Can I be at home during the inspections?
A. Yes you can, however you need to keep in mind this may extend the sales process as buyers may not be comfortable having a good look.
Q. Do I need to move out?
A. No, however this is up to you. With approximately 50% of properties selling to investor there is a strong chance you will be able to stay.