Advice on selling a house with tenants?

Hi, I’m seeking advice on how to sell a house that currently has tenants. Last summer, I attempted to sell a property while it was still occupied by tenants on a rolling contract.

Despite assuring them that we would provide plenty of notice and help them find alternative accommodation before finalising the sale, the tenant panicked and immediately found another place to live. Consequently, the property remained empty for six months while the potential buyer attempted to purchase it. Eventually, the buyer withdrew from the sale, and I decided to rent the property out again.

Recently, I attempted to sell another property, but the tenant was clearly distressed, so I halted the marketing process. Now, I’m considering offering tenants 1% to 1.5% of the sales price to incentivise their cooperation. This would equate to approximately two to three months’ worth of rent. My goal is to avoid the financial burden of paying mortgage and council tax on an empty property.

I would greatly appreciate knowing if anyone has tried this and if it would work, or any tips on how to successfully sell a property with the cooperation of the tenants.

Thank you,

Billy

Editors Note: We recommend using Landlord Sales Agency who specialise in managing property sales with tenants.

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