Here are the next steps that should be taken to ensure this process goes as smoothly as possible:
- Your property may be occupied, it is important for you to ensure you list your property for sale as tenanted with a rental management contract in place. You do not have to terminate your contract to sell your property.
- Should you wish to terminate the contract you must identify which rental management contract you have with Portsmouth Residential, and provide 60 days' notice to our team to terminate it.
- Connect with our team to determine your termination fee* (based on your membership).
- If you wish to sell your property and the purchaser intends to self-occupy, you must inform our team immediately as legal fees may apply. We may need to instruct our Para-Legal to deliver an N12 – Notice to End your Tenancy Because the Landlord, a Purchaser or a Family Member Requires the Rental Unit.
- In order to deliver this notice, the tenancy must be near the end of the term, and you must have an offer for purchase in place.
To conduct real estate showings connect us with your realtor and we will connect the realtor with the current tenants to provide notice of entry for showings.
Portsmouth Residential must be included in any communication between yourself, your realtor, and the tenant during the sales process.
Once there is a firm Purchase and Sale Agreement for the property, you must provide a copy of it to Portsmouth Residential. If the purchaser is continuing with our services, instruct them to reach out to firstname.lastname@example.org so that our team can complete the onboarding process.