Tip of the Month - September 2016
Showing Property to Prospective Buyers
Source: Every Landlords’s Legal Guide
By Martha Stewart & Attorneys Ralph
Warner & Janet Portman
show your property-whether apartments in a multiple-unit building, a
rented single-family house or condominium unit-to potential buyers or
mortgage companies. Remember to give the required amount of
notice to your tenant. It’s also a good idea to tell the tenant
the name and phone number of the realty company handling the property
sale and the particular real estate agent or broker involved.
Problems usually occur when an overeager real
estate salesperson shows up on the tenant’s doorstep without warning,
or calls on very short notice and asks to be let in to show the place
to a possible buyer. In this situation, the tenant is within
his/her right to say: “I’m busy right now-try again in a few days after
we have set a time convenient for all of us”. Naturally, this
type of misunderstanding is not conductive to good landlord-tenant
relations, not to mention a sale of the property. Make sure the
real estate salespeople you deal with understand the law and respect
your tenants rights to advance notice.
This web page was updated on 08/31/2016.