- You must tell your tenants in writing that you're putting the property for sale.
- You must seek tenants' permission to conduct appraisals, take photos of the property, to organise convenient times to show the property to prospective buyers.
- You must notify the tenants who the new owner is once the property is sold and when they'll take over.
Other things to be aware of are, of course, knowing the current tax rules and understanding if the sale is taxable. These will include whether the brightline rules apply and whether you pass the "intention test" (intending to sell for a profit when purchasing the property), amongst others.
We recommend you obtain specific tax advice if you feel unsure about the possible tax implication of the sale.
