Hello!
First time poster from NSW - need some advice.
We have just purchased a unit, and asked for vacant possession since there are tenants who are not on lease. The tenants are a middle-aged man who is taking care of his elderly mother.
They have been unable to find a new place, and I am not sure if they have even been looking. They are waiting for public housing to give them a place. We are currently one month overdue on settlement, and this is starting to get very annoying. I've had to negotiate with our real estate agent to let us stay on in our rental because we couldn't move out.
I am unsure how to proceed. We can issue a notice to complete, but we may lose the place. There don't seem to be any penalties for vendors delaying settlement either. These tenants may end up staying for months (worst case scenario, YEARS) until they get a public house. I believe the vendor is going to tribunal, but they may also give them months on compassionate reasons.
At what point do should we decide to we move on and look at getting another property?
Any similar experience or advice would be much appreciated.
Thanks!
First time poster from NSW - need some advice.
We have just purchased a unit, and asked for vacant possession since there are tenants who are not on lease. The tenants are a middle-aged man who is taking care of his elderly mother.
They have been unable to find a new place, and I am not sure if they have even been looking. They are waiting for public housing to give them a place. We are currently one month overdue on settlement, and this is starting to get very annoying. I've had to negotiate with our real estate agent to let us stay on in our rental because we couldn't move out.
I am unsure how to proceed. We can issue a notice to complete, but we may lose the place. There don't seem to be any penalties for vendors delaying settlement either. These tenants may end up staying for months (worst case scenario, YEARS) until they get a public house. I believe the vendor is going to tribunal, but they may also give them months on compassionate reasons.
At what point do should we decide to we move on and look at getting another property?
Any similar experience or advice would be much appreciated.
Thanks!