Hi all
I'm tentatively thinking about selling an IP I own. It's tenanted, but past the lease period, so a 60 day notice period to vacate the property.
It's not an obvious investment property (partly why I'm thinking about selling, shouldn't have bought it in the first place!) and the likely purchaser wouldn't be an investor. However, the tenant keeps the house really clean and tidy, and it'd inspect really well as it is.
So, I'm mulling over options in my head, such as:
1) Just evict the tenant now on 60 days notice, but this would mean the house wouldn't inspect very well during that period, and if I wait until the tenant is gone, it'd be empty and not look half as good as it currently does, so I'd probably end up renting furniture.
2) Tell the tenant that the tenancy will be ended with 60 or 90 days notice once the house is sold. This seems the better option in terms of having a house that looks good for inspection, but how can I motivate the tenant to stay during the sales period?
Cheers
Jonathon
I'm tentatively thinking about selling an IP I own. It's tenanted, but past the lease period, so a 60 day notice period to vacate the property.
It's not an obvious investment property (partly why I'm thinking about selling, shouldn't have bought it in the first place!) and the likely purchaser wouldn't be an investor. However, the tenant keeps the house really clean and tidy, and it'd inspect really well as it is.
So, I'm mulling over options in my head, such as:
1) Just evict the tenant now on 60 days notice, but this would mean the house wouldn't inspect very well during that period, and if I wait until the tenant is gone, it'd be empty and not look half as good as it currently does, so I'd probably end up renting furniture.
2) Tell the tenant that the tenancy will be ended with 60 or 90 days notice once the house is sold. This seems the better option in terms of having a house that looks good for inspection, but how can I motivate the tenant to stay during the sales period?
Cheers
Jonathon