DUTIES OF SELLERS OR AGENTS

When selling tenanted properties, sellers or agents must navigate complex statutory obligations to ensure compliance with local laws and regulations.

A Landlord and Real Estate Agent Should Act Prudently When Selling a Tenanted Property to Ensure Fulfillment of Duties and Obligations as Required By Law With Regard to the Rights of the Tenant. The duties often involve notifying tenants about the sale, adhering to notice periods, and providing accurate information regarding the property’s condition and tenancy agreements. Additionally, sellers and agents should be aware of tenant rights and privacy laws, ensuring that showings and inspections are conducted in accordance with these regulations. Failing to meet these statutory obligations can lead to legal disputes and complications in the sale process, making it crucial for sellers and agents to engage in transparent and lawful practices when dealing with tenanted properties.

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