“I’ve just found out that my rental in NSW is up for sale. What will happen with viewings?” – Tenant, NSW
We asked LJ Hooker Gosford Business Development Manager, Madeleine Smith for her advice.
Madeleine said that in the event your rental property goes up for sale, the selling agent or landlord must first issue you with a letter of ‘intent to sell,’ which gives 14 days’ notice before any inspections commence.
“It’s best that you speak with your landlord or agent to agree on suitable inspection times to ensure a smooth process for all involved because you are legally obliged to allow access,” she said.
“They may issue you with 48 hours’ notice for viewings twice a week if you cannot agree, so it’s in your best interest to find a reasonable agreement.”
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Madeleine said it is best to speak with your landlord/property manager about the potential repercussions on the sale of your tenancy, as this will change as to whether you are in a fixed or periodic (ongoing) lease agreement.
If you have further questions about your rights when your rental property is for sale in NSW, check out this printable pdf.
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