Can I sell a property with a tenant in place in Victoria?
Yes, selling with a tenant in place is possible but has pros and cons. A tenanted property may appeal to investors seeking immediate income, but can limit presentation flexibility and reduce appeal for owner-occupier buyers.
Key Considerations
- Respect tenant notice and inspection rights—strict laws apply in Victoria
- Cooperate with your property manager to coordinate access
- Assess current lease length and rent vs market value
Potential Pros
- Immediate income for a new investor
- Lower vacancy for new owner
Potential Cons
- Limited access for open homes/inspections
- Less scope for property styling/preparation
- May narrow the buyer pool
How to Decide
- Collate evidence from similar tenant-sold properties
- Consider current lease expiry dates
Relevant CTA
Discuss the best sale approach for your tenanted property with Collings.
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