Let your tenants know
Even if you have no intention of asking your tenants to vacate the property, you need to let them know as soon as you decide you wish to sell up.
What’s more, news of a landlord’s intention to sell will likely leave a lot of tenants feeling uneasy, and so you’ll need to be as upfront and transparent as possible to maintain a cordial relationship.
Give notice prior to inspections
Make sure that your tenants have adequate notice prior to showing potential purchasers around the property.
Consider offering incentives
Maintaining an amicable relationship with your tenants is crucial when selling your rental property, as you’ll require their cooperation to present your property in the best possible light.
Given that keeping your tenants in the property might also increase your sale price, it’s worth considering knocking €50 or €100 off their monthly rent as an incentive to stay put, help keep the property clean and tidy, and make themselves scarce during inspections.
Do I have the right to take photographs of the property?
Yes, landlords can take photographs and video footage to help advertise a property for sale, although you must seek written consent from the tenants to photograph or video personal possessions.
What should I do if I want my tenants to leave?
If you have a fixed term agreement in place, you cannot make a tenant leave if they are complying with the terms of the tenancy agreement. They are entitled to stay until the end of their term.
Of course, that’s not to say you can’t ask a tenant to leave; and if they consent in writing, you can terminate the tenancy agreement on mutually convenient dates.