Selling a Property with a Binding Tenancy Agreement
Today there are many homeowners who rent out their property to tenants but there comes an awkward moment when the homeowners decide to sell up. When you have tenants in your property, you can’t exactly say ‘the house is being sold so you need to leave’. They have signed a contract and their entitled to fulfil that contract.
The only problem is it’s no longer up to the owners when it comes to showing the property to potential buyers. Viewings will need to be organised with tenants first, and if they’re not happy then a viewing will need to be rescheduled. You also have to trust the tenants with the condition of the house, and if it’s not well looked after, potential buyers may be put off.
Some tenants will understand and make the process as easy as it possibly can be, but you owe it to your tenants to treat them with respect. They entitled to stay in the house until their contract is up, and you must work your house viewings around the tenant’s requirements, after all they are renting the property.