Hey guys. My condo is currently tenanted. He is a good tenant (already 3yrs plus) with monthly on time payments.


I'm thinking of selling this condo (around 5-6 years) already to free up my cashflow.

I'm thinking , is it a good idea to offer to my tenant to buy my house? not looking at much gains, maybe just enough to cover for the loans.


what that I may need to take into account? anyone have experience? or is it better to sell it at other buyers instead? but that means the tenant will be out of the house and there will be months of no rental income .

appreciate your view on this . thanks

Just tell the tenant that u thinking to sell the condo (say, by Aug this year), and ask the tenant if interested to buy. If want, usually u will be asking how much the selling price, and if really interested will be asking to lower it.

Very thoughtful of you yes please prospose to your tenant on your intention to sell the unit for a start get to know the market value so your tenant will unlikely to face challenges in securing loan for the unit. Shall the tenant is not agreeable then you may move on to put the unit on market.

Easier to secure buyer especially investor if the rental can match if not 70-80% of the installment. Good luck

My advice to young people will be to rent first - make sure you like the place, neighbours etc before buying.


Nonetheless in your case - is your tenant keen to buy?

My experience somewhat similar, however I am the tenant. My journey was quite okay, but did take 6-7 months total. Continued paying rent until the loan from the banks has officially fully disbursed.

I also requested for the deposit to be paid by the bank as I took Skim Rumah Pertamaku. Only an earnest deposit was paid to the seller's agent. The rest of the process was taken care by lawyers, etc.

If memory serves right, 1 month rent was not paid as the disbursement had already occurred but Vacant Possession has not occurred yet (lawyers were a little slow).

This post has been edited by bismaximus: Feb 19 2024, 09:24 AM

There may be reasons why your tenant is still renting your place after 3 years, however no harm letting your tenant know your intention to sell the place.

Even if you were to sell your house to other buyers, your tenant can still continue staying in it while you are sourcing for buyer.

you save agent fees, and a lot of transaction can be transparent. and both sides get to negotiate and achieve a better deal. wise decision to proceed

yes thats why these days its hard to find a good tenant. we have good relationship , .

problem if sell to other buyers, is the viewing part. tenant may feel disturbed since many viewing sessions (these day also many joy viewing ppl) .

so that's why most probably if they don't want to buy, perhaps they will leave (?) - hence possible no more rental income for few months or years.

dunno I haven't discussed properly with the tenant yet. just getting your opinions before hand.

let say my loan is left 360k. How much do I need to sell to cover for the lawyer fees /agent? I've heard RGPT exempted at year 6. only left lawyer and agent fee. if average 3% transacted price, should i aim to sell to cover the agent/lawyer fees? Is the database listed in bricks.my reliable in determining my selling price?

u mean no need go thru agent, just go thru lawyer ?

I see. then yeah its possible I can lower the cost more since I no need to cover for 2-3% agent fee ..

if you engage a lawyer directly, mostly these following steps.

1. Letter offer (usually with some deposit from the buyer, you can opt to skip this steps if buyer is really confirmed to buy and eligible for the loan)
2. SPA
3. Memorandum of Transfer (MOT) = transfer owner to new owner.

https://www.propertyguru.com.my/property-gu...-agreement-6920

you and your buyer (tenant) also save on agent fee! haha
but 1st, better seek your tenant interest to purchase or not

The gurus said when buying and selling leave emotion and sentimentality out of it.

Can offer the tenant to buy first, some landlords offer 'rent to buy' option. Not so sure about the tenancy law, some landlord sell unit with fixed tenancy..mean the new buyer's have to wait till fix tenancy ends before they can move in. Good for landlord not so good for ownstay buyers. Good for tenants though

This post has been edited by syque: Feb 19 2024, 10:39 AM

understand. the issue is the viewing part , as tenant may not be comfortable with viewing every other day.

Yea right, I bought a 800k semi-d in my hometown for parents upgrade to stay, and the old terrance house rent out, so i've rent a condo in kl 5 years already, cannot? Not everyone rent a long tern was orang susah la, i just know that condo in kl not much value so dont want to buy nia.

This post has been edited by MalaysiaCEO: Feb 19 2024, 11:34 AM

this is what i did for potential tenants when I wanted to rent a place out, arrange open home. They come in, let's say 1-2hours on a Saturday. Let tenant know early, and if you like give tenant a couple movie ticket so they can spend their time out la.

Take some pics, videos also for those potential buyers who cannot come and view la.

a really good idea. will think about it. thanks.

no diff to sell to tenant or outsiders. process is the same. jz u knw ur tenant better

Just ask your tenant if they interested to buy over your unit...

Some may want to buy, some not...

If you get the tenant to buy over...
Less headache to find buyers.... Only downside maybe the tenant would low-ball you... Asked for the lowest price... Final decision is yours if u agree with the rates or not..

Find outside.. take time...
Might need to take agent services too... That sure would also cost you some money....

Question: Why do you want to sell your unit? Is it because you have to top up on the instalment ie. rental cannot cover instalment? Or there is a better investment opportunity? If you are still young and time is on your side, can consider to continue with status quo for another 5 years and then sell

yes, have to topup but not much.

I'm just going to exit the property investment as I don't have the time and drive to micromanage things anymore as my life got busier .

Although I need to hold at least 6 years to get the RPGT exempt.

now need 10 yrs for rpgt exempt?

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