QUESTION: We have heard a rumour that our landlord is thinking of selling and we love this apartment so much that we are thinking of buying it. Is there any way, as sitting tenants, that we can get first dibs on the sale? –
ANSWER: There’s no legal obligation to sell to sitting tenants so easiest way to jump the queue is to find out how much the apartment is worth then offer the owner at little bit more.
Added to the attraction of not having to advertise, get an agent, organise viewings or sell with a sitting tenant, a straight sale might be quite appealing.
But if you are expecting a bargain, you’re kidding yourself. Apart from those savings, why would the owner sell for less than it’s worth or even risk that by not going to auction?
The sneaky underhand tactic would be to not tidy up or go next door and persuade them to turn their stereo up to full volume during viewings.
But if you didn’t manage to buy the place – or the landlord doesn’t sell it – you’ve pretty much guaranteed the end of your tenancy (not to mention the guilt associated with being a selfish prat).
Please email your rental questions to rentals@flatchat.com.au.