Many owners fear selling a block when there are problem tenants—arrears, damage, or ongoing disputes. Simon Abbott, Victoria’s block-of-units authority, walks through the risks, mitigation options, and what makes a sale achievable anyway.
The Investor Reality Check
Seasoned investors and developers have seen it all. With complete documentation, disclosure, and a plan to resolve issues, blocks with one or two “difficult” tenants can absolutely sell—often at a smaller price adjustment than owners assume.
Simon Abbott’s Problem-Tenant Prep Steps
- Systematically collate all communication and breach notices (with PM’s help).
- Identify quick-win remedies—arrears collection, repairs, VCAT pathway.
- Document everything honestly for the contract/disclosure pack.
- Consider timing launch to coincide with an issuance of notice to vacate (where legal) or new lease signing on vacant units.
Case Example
Simon sold a block with 2/10 tenants in recurring arrears. By full transparency with buyers and baking the risk into yield and price, he still secured a multi-buyer result just 4% below initial target.
Facing tough tenants?Book an off-market block strategy call with Simon Abbott now.
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