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General (main property discussion here) - When to tell tenants you are selling

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Brenda Mellors
Sat 5 Mar 2005
22:40
12 posts

I have a buyer for a flat which should be completing by the end of this month. In order to show him around initially I told my tenant I was 'refinancing' so she wouldn't be unsettled by a change of landlord. However, I need to gain access again for my buyer's surveyor. Do I tell the truth to my tenant or tell another 'half truth' to keep her sweet for my buyer. Of course I will write to her to introduce her to hew new landlord on completion. I'm worried about rocking the boat in case the deal doesn't proceed.

tom harwood
Sun 6 Mar 2005
16:05
386 posts

brenda,

i think you have done exactly the right thing. i would never tell a tenant until the contracts have been exchanged! keep up the 'half truth' as it will create far less problems for both your tenant and you!

tom

Funky Me
Mon 14 Mar 2005
19:28
77 posts

Or you could tell them the full truth and that the new buyer is going to keep them on as tennants too - Meaning no change for them.

They probaly may suspect something anyway !

FM

tom harwood
Tue 22 Mar 2005
08:29
386 posts

very true fm,

i am sure that they generally suspect something but then again i do not like to disturb in case they don't.

tom

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Forum:General (main property discussion here)
Subject:When to tell tenants you are selling
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