All Topics / Legal & Accounting / Lease versus Sale

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  • Profile photo of kayleenkayleen
    Member
    @kayleen
    Join Date: 2004
    Post Count: 7

    Does anyone know the rules for selling a tenanted property with a lease. The Real Estate Agent we have listed te property with claims we are obligated to pay for the tenants moving expenses. Is this correct?

    Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714

    Is this a residential property?
    Is there a current lease on the property?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213

    I supppose if they have a valid lease and you want to break that lease, you would have to pay penalites. Otherwise, I would suspect you could just give them the required notice to vacate the property.

    Terryw
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    North Sydney
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Viewing 3 posts - 1 through 3 (of 3 total)

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