What new rules you need to know!To ensure a smooth process and prevent issues with your tenants or the prospective buyer, it's crucial to understand your fundamental rights and legal responsibilities during the selling and buying process. The recent legislative changes affecting how a tenancy can be ended took effect on July 18, 2024.Landlords must now give three months’ notice instead of two (tenants will be given 30 days to dispute notices instead of the current 15 days) As a buyer being aware you can not move in for 4 months is imperative to know, as 4 months may not be convenient for you. As a seller these dates are important to know as you are liable to pay tenants 12 months’ rent if they are evicted in bad faith. Know your rights!
Selling or Buying a Tenanted Home- What you need to know!
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