Selling a property with tenants or management demands.
Occupancy, maintenance and day-to-day management can make ownership harder to continue. Describe how the property is used, who occupies it and which responsibilities are driving your decision to sell.
Understand the building and its occupants
Explain how occupancy and building condition affect your plans, including vacant units, deferred maintenance or management tasks you would like to leave behind. Andrew can consider a purchase of occupied or vacant investment property.
Plan access and the handover
Discuss how inspections could be arranged around occupants and which management tasks would continue through closing. Existing obligations and proposed changes need appropriate professional review. The purchase agreement should explain the responsibilities each party would retain.
Questions about occupancy and management
Do tenants need to move out before I call?
No. An initial discussion can begin while the property is occupied. Do not assume a sale requires or permits a change in occupancy.
What information is useful at the start?
Share the number and type of occupied spaces, available leases, known maintenance needs and basic income and expense records.
What if rent payments or lease records are incomplete?
Describe the gaps and provide what you have. Andrew can identify the information needed to evaluate a purchase; your lawyer addresses legal questions.
How would inspections be arranged?
Access would need to be coordinated with the owner and occupants under the applicable arrangements. Discuss practical constraints before agreeing to an inspection schedule.
Let’s talk about what comes next.
Tell Andrew about your property, even if you haven’t decided to sell.
Discuss Your Property