Sean Tasse (Broker) and Kyle Miller (Mortgage Agent) are chatting about the steps to selling a tenanted property this week.

The episode begins with our hosts delving into the financial aspects of selling a tenant-occupied home. Kyle highlights common issues that buyers and sellers might face and what they should expect during the process. They then explore the legalities of selling a tenanted property, detailing the necessary steps to ensure everything is done lawfully. The conversation shifts to renovating a tenanted property, noting that the tenant must be offered the property back at the same rent once renovations are complete.

In the second half, Sean and Kyle share behind-the-scenes horror stories as well as heartwarming tales from their personal experiences with these types of sales.

If you are considering buying, selling, investing, or refinancing, don't miss out on another extremely valuable episode of the REAL Collective Podcast. Keep it REAL Collective!

**Magic Mind Offer** Enjoy our limited time offer you can use now, that gets you up to 48% off your first subscription or 20% off one time purchases with code COLLECTIVE20 at checkout.

You can claim it at: https://www.magicmind.com/collective

To access our Complimentary Resources (SOLD Price Search, Seller Guide, Buyer Guide & Home Evaluation) visit: https://realcollective.ca/exclusive-resources/

Are you buying or selling? Book a meeting with Sean or Kyle today!

Sean: https://calendly.com/seanrealcollective

Kyle: https://calendly.com/kmmortgage/phone-connect

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Kyle Miller on Instagram: https://www.instagram.com/kylemillerottawa

Kyle Miller on Facebook: https://www.facebook.com/Kylemillermortgages

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Intro (0:00)

Selling tenanted properties – what are the rules? (2:15)

The financing side (2:50)

What if you have less than 20% down but the property is currently tenant occupied. (3:30)

If you have 20% or more down (4:28)

If the tenant will stay vs the new owner wanting to move in (5:20)

Make sure you speak to a legal expert (5:45)

How to legally displace a tenant for the benefit of the new owner who is intending to occupy the home (6:17)

You cannot evict a tenant because you are planning on selling (7:59)

What if you are renovating a tenanted property? (8:28)

The steps involved (11:15)

The tenant might not leave, what happens then? (13:28)

Kyle and Sean’s current Magic Mind experience (14:15)

Story time – Kyle’s ongoing story on a tenanted property sale (18:13)

Another one from Kyle (21:11)

Sean has two tenanted properties for sale right now (23:22)

Why tenanted properties are harder to sell (24:40)

If you are selling a tenanted property, hire a realtor who understands the rules (30:35)

The importance of the tenant/landlord relationship (31:17)

Being kind vs being nice (33:20)

Outro (34:20)