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Buying Property & Due Diligence
Article 27 of 74

Buying a property with a tenant in place?

A tenant in occupation introduces an additional layer of rights, documents and timing. Buyers should understand the existing lease before assuming the property will be vacant or immediately available for another use.

PROPERTY INSIGHT 27 Buying a property with a tenant in place?

What to know

  • Request the current lease, amendments and payment history.
  • Confirm the deposit, interest records and where the deposit is held.
  • Clarify utilities, maintenance obligations and any disputes or arrears.
  • Get legal advice before assuming the lease can simply be ended because ownership changes.
Professional advice

This guidance is general information. Where legal, tax, structural, compliance or regulated-work consequences may apply, obtain advice from an appropriately qualified professional for your circumstances.

Important Information

The information in Fabulous Homes Insights is provided for general property education and information. Property, tax, finance, sectional-title, rental, municipal and compliance matters can differ according to individual circumstances, contractual terms, scheme rules, municipal requirements and changes in law. Where necessary, readers should obtain advice from an appropriate attorney, conveyancer, tax practitioner, financial professional, property practitioner, engineer, inspector or other suitably qualified professional.

FABULOUS HOMES

Property decisions deserve good information.

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