Sale of property notice to tenant template

The reasons a landlord may want to sell a house may vary. Whether property demand is on the rise, the rental property has increased in value, or the owner simply wants to sell the property, proper notice must be given. No matter what the reason for the sale, the landlord needs to notify the current tenants occupying the premises about the impending sale. When a landlord puts their property on the market, prospective buyers and real estate agents will need to do a walk-through of the premises. A landlord should inform their tenants of their intent to sell and enlist their cooperation in the sales process with this straightforward letter.

The ezLandlordForms Sale of Property notice allows landlords to notify the current residing tenants that the property has been put up for sale. This form will give the current tenant(s) fair warning that the landlord will be scheduling multiple walkthroughs of the property for prospective buyers. When a landlord gives this form to a tenant, it ensures that the property will be in presentable condition to show the property to prospective buyers.

Not only is it fair, it is also polite to inform tenants as far in advance of any showings as possible, or in a timely manner about the property being up for sale. This gives both the current tenants and the landlord an appropriate amount of time to make sure the rental property is in pristine show condition. A landlord should use the Sale of Property notice before or quickly after putting their rental property on the market. As soon as the landlord decides to sell would be the best time to inform their tenants.

The above-described Leased Premises have been sold as of ____________ to ______________________ (“New Owner”).

You are hereby authorized and directed to make all future rent payments, beginning with the payment falling due on _____________ (Date), to the New Owner at the following address: ______________________________________________________________.

Your new contact information is ______________________________________ (Name, Address, Phone, Fax, Email).

Thank you for your tenancy and we wish you the best in the future,

Best regards,

___________________ Dated: ___________________
Landlord

___________________
New Owner

Property Sold, Notice to Tenant
Review List

This review list is provided to inform you about this document in question and assist you in its preparation. This document should be used by the New Owner, and signed by the current Owner/Landlord, to inform the Tenant about change of ownership, new rent addresses, and new contact information, if any. This is also an opportunity for the Old Owner to offload the issues with the tenants as well as for the New Owner to introduce themselves in a positive light.

To be most effective, both the Landlord/Old Owner and the New Owner should jointly send out this notice. This Notice also effectively accomplishes agreements made between these parties as to dealing with the tenants as prescribed in their Sale of Property document (s). It also works to include the tenants in the process and make them feel more involved in it, at the same time. All good stuff.

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