What happens if the owner of your rental property decides to sell?
Worried about your rental being sold? This article explains your rights as a tenant and what to expect if your home hits the market.
Your lease remains in place.
If you’re on a fixed-term lease, the sale of the property doesn’t automatically mean you have to move out. The lease agreement remains valid, and the new owner will take over the responsibilities of the property owner. In some cases, if the buyer is an investor, they may choose to keep you on as a tenant with minimal changes to your living situation.
If you’d prefer to move, you are no longer limited by the fixed term.
Access for inspections
Once a property is listed for sale, inspections are usually required, but tenants have rights around how these are conducted. Property owners must provide adequate notice before the first inspection and continue to give notice for any future viewings.
As a tenant, you have the right to be present during inspections, and landlords should work with you to agree on suitable times. In most cases, tenants are also expected to keep the property in a reasonable state for viewings.
Rules around photos and signage
Marketing a property for sale often involves taking photos and placing signage, but tenants still have a say in how this happens. External photos of the home can be taken without permission, but interior photos generally require tenant approval.
If you’re concerned about privacy, you can discuss your preferences with the property manager or property owner.
Staying informed and supported
If your rental home is being sold, knowing your rights and options can help you navigate the situation with confidence. Every tenancy is different, and every state in Australia has their own laws, so having expert advice can make all the difference in ensuring a smooth transition, whether you’re staying or moving.