Could your tenants kill your property sale?
When you put a property up for sale with tenants in it, there are some potential risks that simply aren’t there when you’re selling a vacant home.
If your tenants don’t co-operate with the real estate agent, or don’t make any attempts to clean before inspections, it can seriously hamper the sale process and ultimately, impact your profit.
Can you continue to claim deductions for your property even while it is not generating income? If the property can no longer be rented out, or your tenants need to vacate for a period due to asbestos contamination this could be the situation you are faced with.
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