Learn some rules for selling rented property

Selling a property with a current lease agreement raises many questions for real estate agents. It is a matter that requires caution, as it is essential to preserve the rights of the tenant and ensure that

the buyer does not face problems after purchasing the property.

The first step a real estate agent must take when negotiating a leased property is to notify the tenant of the right of first refusal giving him the opportunity to purchase the property under the same conditions offered to the interested buyer. To do this, the notification must clearly specify the terms of sale croatia mobile phone number list including the price and method of payment. Generic notifications without these details may be considered invalid.

After notification of all the terms and conditions

of the sale and the tenant’s refusal to exercise his right of first refusal, the sale can proceed.

Furthermore, it is up to the broker to guide the buyer on the procedures for repossessing the property if he or she does not wish to continue the lease. A common question among brokers is whether the buyer is responsible for arranging for the property to be vacat. The answer is yes: this responsibility lies with the buyer.

leased property

After registering the purchase at the Land Registry Office medical series to binge-watch the buyer has up to 90 days to notify the tenant of his intention to repossess the property.

The notice to the tenant must provide a 90-day period to vacate.

Another important issue is the payment of contractual fines. No fine is due to the tenant in the event of the sale of the property business sale lead either by the buyer or the seller, as the repossession of the property after the sale is provided for by law.

And you, did you know all these rules for this situation?

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