Hi guys, when looking at properties I often come across the following scenario and more often than not take the conservative option and not follow up with that particular sale but interested to hear other thoughts/opinions:
House for Sale
Currently tenanted
House is a mess and tenants clearly do not care about property
Now above is ok as generally the house will be cheaper than others in the area due to its presentation and perceived work required to bring it up to standard with the area.
My question/concern is:
When/if you buy property how long do you have to remove tenants and what are your rights if they will not/do not leave!! Is it usual 90 day termination notice in the event no lease is present or expired. This relates to NSW and lease is expired. Or is it buyer beware - ie if you can see they are bad tenants you are going to have a headache removing them!
House for Sale
Currently tenanted
House is a mess and tenants clearly do not care about property
Now above is ok as generally the house will be cheaper than others in the area due to its presentation and perceived work required to bring it up to standard with the area.
My question/concern is:
When/if you buy property how long do you have to remove tenants and what are your rights if they will not/do not leave!! Is it usual 90 day termination notice in the event no lease is present or expired. This relates to NSW and lease is expired. Or is it buyer beware - ie if you can see they are bad tenants you are going to have a headache removing them!