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 Sell tenanted house

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TSabudhabi9111
post Apr 22 2024, 08:37 AM, updated 2y ago

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Hi,

I am a house owner. my current tenancy contract will only end in 2 years+ (Made a mistake in agreeing to a 3 year tenancy agreement) bangwall.gif .

Now thinking to sell the house as we want to look at other property in our current area.

there is clause where if we want to sell the house, we need to get new owner to agree to accept the tenant until the agreement ends.

So is it normal practise, property buyer can accept to wait for the tenancy to end?
taitianhin
post Apr 22 2024, 08:41 AM

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Is mutual agreement
Tenant can end the contract with 1 month notice right?
Owner can give 1 month notice too?
Is a fair world
Pls chk ur contract for exit
kens88`
post Apr 22 2024, 08:45 AM

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When i bought my place..it was tenanted.

So I was told that if by the time handover, the tenancy still haven't expire, I will get the rental income.

I agreed but the whole buying process took few months that the tenancy already expire so I lost out.
reanimation_84
post Apr 22 2024, 09:29 AM

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Currently renting a place. According to the agent, if owner were to sell a tenanted house, the buyer will still have to honor the existing tenancy.
forever1979
post Jul 10 2024, 04:34 PM

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need to refer to the tenancy signed.

see if u die die want to terminate the tenancy, what is the penalty.


hanhanhan
post Aug 3 2024, 05:37 PM

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QUOTE(abudhabi9111 @ Apr 22 2024, 08:37 AM)
Hi,

I am a house owner. my current tenancy contract will only end in 2 years+ (Made a mistake in agreeing to a 3 year tenancy agreement) bangwall.gif .

Now thinking to sell the house as we want to look at other property in our current area.

there is clause where if we want to sell the house, we need to get new owner to agree to accept the tenant until the agreement ends.

So is it normal practise, property buyer can accept to wait for the tenancy to end?
*
yes, sell subject to tenancy. new owner will be receiving the rental after full purchase price paid.

then its up to new owner if want to terminate the tenancy (see terms of TA)


 

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