Selling a property can be a complicated process, but what if you want to sell a property that is tenanted? If you're in this situation, this video will be a helpful guide for you as Ariel and Adrian discuss the rights of landlords and tenants. Listen to their advice on how to communicate with your tenants about your decision to sell, the legal requirements for giving notice and showing the property to potential buyers, and how to work with your tenants to ensure a smooth transition during the sale process. Plus, Adrian gives us ten funny ChatGPT-generated challenges to selling tenanted property! Stay tuned for more! *Warning: bad audio from 2:20 – 3:46 ************************ 0:15 – Intro 2:19 – You cannot evict a tenant for the purpose of selling 4:13 – You can negotiate with your tenant (cash for keys agreement) 8:02 – Tenants can be evicted for the purpose of the landlord's family moving in 9:38 – Work with your tenant when showing your property for sale 12:57 – Treat your tenant to a vacation 14:20 – It is not ideal to stage your rental space 17:44 – Tenants are due one month's rent at a minimum if being evicted 18:30 – Establish a good relationship with your tenant 19:25 – Discuss your tenant situation with your realtor 22:08 – Vet a proper tenant from the beginning 22:42 – Increase your monthly rental price every year 24:33 – Fitness fanatic tenant (ChatGPT-generated challenge #10) 24:47 – Hoarder tenant (ChatGPT-generated challenge #9) 25:14 – Filmmaker tenant (ChatGPT-generated challenge #8) 25:31 – Chef tenant (ChatGPT-generated challenge #7) 25:42 – Loud tenant (ChatGPT-generated challenge #6) 26:21 – Tenant decorates the space (ChatGPT-generated challenge #5) 26:31 – Arguing tenant (ChatGPT-generated challenge #4) 26:47 – Prankster tenant (ChatGPT-generated challenge #3) 26:57 – Tenant gives a tour (ChatGPT-generated challenge #2) 27:42 – Tenant is a deep sleeper (ChatGPT-generated challenge #1) ************************ Want more real estate podcast discussions? Watch it here: youtu.be/uLhNb8fdHt4 Listen to it here: http://www.soundcloud.com/ktrealty Catch clips and highlights of the show here: http://www.instagram.com/kormendytrott ************************ Our Social: Instagram: www.instagram.com/kormendytrott
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TikTok: www.tiktok.com/@kormendytrott?lang=en ************************ After successful careers in the automotive industry, entrepreneurs Ariel Kormendy and Adrian Trott decided to inject their passion for growing a brand and providing unrivalled service into the real estate industry. Kicking off their careers in 2011, they quickly became a top-performing team in Canada. Originally a team of two real estate agents in Milton, The KT Team quickly grew to a large team of exceptional REALTORS®, an administrative department and an in-house media department, taking their proven processes and unique services across most of the Golden Horseshoe. Follow them on social for behind-the-scenes footage, real estate tips, industry secrets and more.