Article by Connor Tait
5 Minute read
Is Your Rental Being Sold? Here's What Tenants Need to Know
If you've been notified that the property you're renting is going on the market, it's completely understandable to have concerns. The good news is that tenants in Victoria have clear rights and protections. This guide outlines what to expect and how to approach the process with confidence.
Your Lease Remains Valid
If you’re on a fixed-term lease, the sale of the property does not automatically end your tenancy. Your lease continues under the same terms, and the new owner will simply take over the landlord responsibilities. In many cases, if the purchaser is an investor, they may be happy to retain you as a tenant.
If, however, you’d prefer to move, there may be an opportunity to negotiate an early end to the lease. This must be a mutual agreement between you and the landlord and may involve compensation or other negotiated terms.
Access for Inspections
Once the property is listed for sale, inspections may be required. However, landlords and property managers must follow specific rules around access. Adequate written notice is required for the first inspection and for any subsequent viewings.
As a tenant, you have the right to be present during inspections, and the timing of these should be agreed upon in advance. While you’re expected to maintain the property in a reasonable state for viewings, it should be done respectfully and with proper coordination.
Rules Around Photography and Signage
Marketing a property typically includes photography and signage, but tenants still have a say in how this is carried out. External photos of the property can be taken without permission, but internal images usually require your approval.
If you have privacy concerns or specific preferences, you are encouraged to discuss these with your property manager. You may also have the right to refuse auction signage or promotional materials being placed on the property.
Compensation May Be Available
The selling process can be disruptive, and in some situations, landlords may offer compensation to tenants. This could be a set amount per inspection or a broader financial arrangement to acknowledge the inconvenience.
Depending on the terms of your lease and your location, you may also have rights that allow you to end the lease early if the property is listed for sale.
Being Informed Makes a Difference
Understanding your rights is essential during the sale of a rental property. Tenancy laws vary by state, so it’s important to seek accurate, location-specific advice. Being well-informed helps you make the best decision for your circumstances—whether that means staying on or planning your next move.
If your rental is on the market and you're exploring your next steps—whether it’s finding a new rental or purchasing a home—We are here to assist.