If you still have tenants living in your property when you are ready to sell, there are certain procedures you will need to follow.

The benefits of selling your property whilst already tenanted are that you will still be receiving income during the selling process, other investors will be attracted to a property that is already tenanted and it reassures investors that the property is very rentable.

There are, however some things you need to consider, such as providing adequate notice to the tenant before open inspections.

Also, sometimes tenants may not present the property in the best possible light and issues may arise, between yourself and the tenants, if the property becomes difficult to sell.

Each state has different notice requirements for tenants and must always be given in writing. If you have a fixed term agreement with the tenant, they are entitled to stay until the end of the term.

As the owner, you are allowed to display a “For Sale” sign on the property.