The Journal

When selling a rental property, having a tenant in situ  – a tenant who stays in the property after it's sold – can actually work in the seller's favour. Unlike vacant properties where the new owner can move in or find new tenants, selling with a tenant in situ means passing over  the existing tenancy agreement. Done right, it can streamline the sale and preserve income during the process whilst offering buyers a ready-made investment. However, if done poorly, it can lead to delays, disputes or a lower sale price.