Letting tenant know house is on the market

[beachgurl]

We want to put one of our properties on the market but thought I read somewhere that there are rules under the new tenancy act about informing the tenant.

Can anyone point me in the right direction or give a quick rundown on what we need to do? thanks in advance.

 

[porp_e]

I found out the house I'm currently renting is for sale by seeing it on RE.com ... then last weekend a for sale sign appeared in the front yard and today an 'under offer' sticker...lol

This is the 'wild west' though, sorry I don't know what the correct process would be in NSW.

 

[Propertunity]

Can anyone point me in the right direction or give a quick rundown on what we need to do? thanks in advance.

You need to read Sec 53 of the Resi Tenancy Act NSW 2010:
http://www.legislation.nsw.gov.au/xref/inforce/?xref=Type=act AND Year=2010 AND no=42&nohits=y

53 Sale of residential premises

(1) A landlord must give the tenant written notice of the landlord’s intention to sell the residential premises not later than 14 days before the premises are first made available for inspection by prospective purchasers.

(2) A landlord or the agent of the landlord for the sale of the residential premises must make all reasonable efforts to agree with the tenant as to the days and times when the residential premises are to be periodically available for inspection by prospective purchasers.

(3) A tenant must not unreasonably refuse to agree to days and times when the residential premises are to be periodically available for inspection by prospective purchasers.

(4) A tenant is not required to agree to the residential premises being available for inspection by prospective purchasers more than twice a week.

(5) This section is a term of every residential tenancy agreement.