Rental being sold, any advice?
#1
Rental being sold, any advice?
Hi all
Well I have just found out my rental is being sold. I did not find out from the owner, agent or the company selling the house.....no I found out on real-estate.com!!!!!!
Now my lease was up a couple of months ago and was not renewed as there is no pool safety certificate. The agent told me that I would be given 2 months notice to leave but I would only have to give 2 weeks notice. I am actually looking to buy a house at the minute but that is not the point,
I have found out that the bank are unable to contact the owners and I am guessing it is going to be a repossession job
My question is would the 2 months notice for me to leave still apply? Who exactly is getting my rental money? And if the rental agent is not going to be renting it out again will they be as stringent with the final I section?
I am a bit annoyed that no-one has told me yet though!
Any advice great fully appreciated
Xxx
Well I have just found out my rental is being sold. I did not find out from the owner, agent or the company selling the house.....no I found out on real-estate.com!!!!!!
Now my lease was up a couple of months ago and was not renewed as there is no pool safety certificate. The agent told me that I would be given 2 months notice to leave but I would only have to give 2 weeks notice. I am actually looking to buy a house at the minute but that is not the point,
I have found out that the bank are unable to contact the owners and I am guessing it is going to be a repossession job
My question is would the 2 months notice for me to leave still apply? Who exactly is getting my rental money? And if the rental agent is not going to be renting it out again will they be as stringent with the final I section?
I am a bit annoyed that no-one has told me yet though!
Any advice great fully appreciated
Xxx
Last edited by perthhopeful; Mar 25th 2011 at 8:42 am. Reason: That should say "inspection" but iPad wouldn't let me change it!
#2
Re: Rental being sold, any advice?
We had a similar situation when renting while building: the lender to the owner repossessed and we were under IIRC 21 days notice to get out. In point of fact we were not too worried because they were very unlikely to be able to sell (as was the case) and we did our full year's rental.
Contact the bank or whatever and discuss with them - regardless of their legal rights they should be happy to keep the rental money coming in if the market is down.
Contact the bank or whatever and discuss with them - regardless of their legal rights they should be happy to keep the rental money coming in if the market is down.
#3
Forum Regular
Joined: Aug 2010
Posts: 186
Re: Rental being sold, any advice?
Hi all
Well I have just found out my rental is being sold. I did not find out from the owner, agent or the company selling the house.....no I found out on real-estate.com!!!!!!
Now my lease was up a couple of months ago and was not renewed as there is no pool safety certificate. The agent told me that I would be given 2 months notice to leave but I would only have to give 2 weeks notice. I am actually looking to buy a house at the minute but that is not the point,
I have found out that the bank are unable to contact the owners and I am guessing it is going to be a repossession job
My question is would the 2 months notice for me to leave still apply? Who exactly is getting my rental money? And if the rental agent is not going to be renting it out again will they be as stringent with the final I section?
I am a bit annoyed that no-one has told me yet though!
Any advice great fully appreciated
Xxx
Well I have just found out my rental is being sold. I did not find out from the owner, agent or the company selling the house.....no I found out on real-estate.com!!!!!!
Now my lease was up a couple of months ago and was not renewed as there is no pool safety certificate. The agent told me that I would be given 2 months notice to leave but I would only have to give 2 weeks notice. I am actually looking to buy a house at the minute but that is not the point,
I have found out that the bank are unable to contact the owners and I am guessing it is going to be a repossession job
My question is would the 2 months notice for me to leave still apply? Who exactly is getting my rental money? And if the rental agent is not going to be renting it out again will they be as stringent with the final I section?
I am a bit annoyed that no-one has told me yet though!
Any advice great fully appreciated
Xxx
#4
Re: Rental being sold, any advice?
Hi all
Well I have just found out my rental is being sold. I did not find out from the owner, agent or the company selling the house.....no I found out on real-estate.com!!!!!!
Now my lease was up a couple of months ago and was not renewed as there is no pool safety certificate. The agent told me that I would be given 2 months notice to leave but I would only have to give 2 weeks notice. I am actually looking to buy a house at the minute but that is not the point,
I have found out that the bank are unable to contact the owners and I am guessing it is going to be a repossession job
My question is would the 2 months notice for me to leave still apply? Who exactly is getting my rental money? And if the rental agent is not going to be renting it out again will they be as stringent with the final I section?
I am a bit annoyed that no-one has told me yet though!
Any advice great fully appreciated
Xxx
Well I have just found out my rental is being sold. I did not find out from the owner, agent or the company selling the house.....no I found out on real-estate.com!!!!!!
Now my lease was up a couple of months ago and was not renewed as there is no pool safety certificate. The agent told me that I would be given 2 months notice to leave but I would only have to give 2 weeks notice. I am actually looking to buy a house at the minute but that is not the point,
I have found out that the bank are unable to contact the owners and I am guessing it is going to be a repossession job
My question is would the 2 months notice for me to leave still apply? Who exactly is getting my rental money? And if the rental agent is not going to be renting it out again will they be as stringent with the final I section?
I am a bit annoyed that no-one has told me yet though!
Any advice great fully appreciated
Xxx
http://tuq.org.au/wp/wp-content/uplo...-09-SD_NEW.pdf
They cannot force you to leave without notice, and generally that will be two months. Indeed the should tell you out of courtesy that the property is for sale, but they will have to tell you when they want to show someone round.
So in answer to your questions, 2 months, if it is a reposession then the mortgage provider, and yes the agent will probably be just as stringent with a final inspection regardless.
Hope this helps
Scotty
#5
Re: Rental being sold, any advice?
We had the same situation in perth... spent 6 months on tenterhooks not knowing whether we would be homeless next week... The week after we moved out they upped the rent by $100 per eek, relet the house, took it off the market....
no answers, but sincere sympathy
eds
x
no answers, but sincere sympathy
eds
x
#6
BE Forum Addict
Joined: Mar 2009
Posts: 1,412
Re: Rental being sold, any advice?
As far as I know this should not affect your statutory rights to standard lease terms. You may have to fight your corner though and assert yourself.
Did she take them to tribunal? How did that go? I'm surprised at this outcome.
Did she take them to tribunal? How did that go? I'm surprised at this outcome.
Last edited by Steve2009; Mar 26th 2011 at 4:34 am.
#7
Re: Rental being sold, any advice?
Thanks for the advice guys, makes me even more determined to buy not rent!