Did you know that you can sell an investment property, even if it is during a fixed-term tenancy agreement? A happy seller, renter, buyer and a successful sale – that’s our goal, and it’s a goal we achieve regularly with the sale of investment properties.
To make this happen, our sales and property management teams combine their expert knowledge to ensure all guidelines set by Consumer Affairs Victoria are followed, and renters’ rights and privacy are respected.
In most cases, we enjoy a great relationship with the renter, who lets us know what works best for them. For example, they might work Tuesday to Saturday and prefer inspections during their office hours, using the keys we hold at the office. We simply give them a call a couple of days in advance, and it works smoothly for everyone involved.
If you’re considering selling your investment property, it’s best to speak with our sales and property management team for free, confidential, no-obligation advice. For a basic overview of the process, please see the key points below:
- The renter has the right to remain in the property until the end of their tenancy agreement (unless extenuating circumstances affect this). Your sales agent will notify any potential buyers of the existing lease, and often buyers – especially investors – are happy to work with the current renter.
- If the rental provider already has plans to sell the property before entering into a fixed-term rental agreement, they must inform the renter.
- The renter must be given proper written notice of the intention to sell at least 14 days before any proposed entry.
- The renter is eligible for compensation for sales inspections. At Wilsons, we have a No Sale, No Risk and No Charge until happily sold approach – including covering the cost of inspections for investors who have trusted us with the sale of their property.
- Photos can be taken at the property (while being mindful of the renter’s rights and privacy). We can conduct buyer inspections, as well as facilitate other essential steps in the sales process, such as building inspectors and valuers attending the property. Restrictions and notice periods apply, and we work closely with the renter to accommodate their schedule as much as possible.
- If you are hoping to sell your investment property with vacant possession, discuss your options with your property manager. This will depend on the length of the lease remaining and renters’ intentions.
*Information collected 06/05/2025. This is a basic guideline only, further rules and regulations apply. Visit Consumer Affairs Victoria or Tenants Victoria for more information.