Selling Your Property To A Tenant

Renting out a property always comes with some trepidation.

 Landlords run the risk of signing bad tenants who don’t pay, or who damage the home and generally cause a nuisance.

For every bad egg, however, there are plenty of investors who land a great renter – the kind you would want to stay for a long time.

These tenants you happily trust with your property because you know they will take care of it; these are the ones you want to sign long-term contracts.

Should the day come when you want to sell your investment property, a good tenant could just wind up being your buyer, too.

Selling a home to a tenant is appealing because it offers the promise of being a less complicated process than a standard property sale.

You don’t need to worry about dealing with real estate agents, negotiating over commissions, approving marketing campaigns and liaising with would-be buyers.

Nonetheless, it has its downsides, as you could be missing out on the real profit potential of your property if you give your tenant first dibs.

There could also be an expectation that you’ll give them a discount, especially if you’re not paying a real estate agent a hefty commission.

Tips for selling your property to a tenant

Seek professional advice and learn as much as you can about the current market and trends.

Have your property professionally valued so you know what it’s worth, and do your research on what properties nearby are selling for.

As a vendor, having a good rapport with the tenant is important as it can make the entire process a whole lot easier.

Upon selling, ensure you seek legal advice and have a solicitor peruse the contracts for both parties.


RealRenta has all the tools that a property manager has, but at over ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property

RealRenta also has a free vision, so why not check it out

Jason Gwerder
Tuesday, 2 March 2021

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