You can definately sell even though the tenants still within their lease agreement. The decision is one you will have to weigh up for yourself. the problem I find when we have a situation like this is that the majority of the time the tenants react unfavourably to this situation. However they must give the agent access for the suitable times that are negotiated between the tenant and the agent. Sometimes this can become a nightmare, as a case of one of our properties most recently. The tenant after a few weeks refused entrance, but thankfully we found a buyer for it.

sometimes tenants will agree to the open times but leave the property looking like a pig sty. One tenant even sat throught the opens in the lounge room smoking a cigarette and doing other ungodly things. But generally these nightmare tenants are few and far between.

One quick word of advice is to negotiate a rent reduction for any inconvenience. This is generally paid when the property has been exchanged or officially withdrawn from the market. And only allow the reductions for the weeks you actually did enter the property.

In the end it is up to you to weigh the situation up and remember there are some wonderful tenants out there who accept the situation and actually help you sell your property. You might also want to think about whether the tenant may want to purchase the property from you. You should also give them that chance becuase it can be a win win situation.

J Dylan

Sample Letter:
The costs on the above mentioned property have increased since your tenancy commenced on (date)

Taking this into consideration and having regard to current rental levels, an adjustment to your rent is considered necessary.

Accordingly, we advise that as from (date) the rent will be $rent per week/fortnight.

Legally there is no necessity for a new tenancy agreement to be entered into. However, should you require a new agreement we will contact the landlord on your behalf. (Take out and adjust to your needs).

Hope this helps a bit. Make sure that you comply with state tenancy laws.

If you want to find out how good your future tenants are you should ask for a rental ledger to see if they have ever paid late or if they are super keen like some tenants I know and pay well in advance. Secondly a excellent property manager who does their job properly, is the most invaluable tool you can have. They can achieve good rental results, shorter vacancy periods, and keep your property in sound condition so that when you wish to sell it, there shouldn’t be any problems. How do you know a goood property manager you ask? They have to have good knowledge of their industry, fantastic communication and most importantly you have to feel comfortable with them.
So if I were you and found a good one, I’d go with them. Especially living so far away.
J Dylan