› Flat Chat Strata Forum › Rental rants › The landlord wants to sell the premises › Current Page
Por is in control of this situation he has a 9 month tenancy remaining and the new (potential) owners can do nothing about it except wait the 9 months or buy him out.
He should request at the very least 2 months rent to be paid to him on him vacating the property and full reimbursement of any reasonable expenses he incurs due to him having to move.
The selling agent is not going to want to risk loosing the approx $10,000 agency selling commission especially as the seller will have to cough up the 2 months rent if he wants the sale to go through so he will be putting pressure on the seller to agree.
Por just needs to sit back and let the buyer, seller and agent negotiate a price that Por can live with (or move with).