Asked by
Hi gurus,

I am intending to sell my place to raise funds for my other businesses. Is it possible to rent it back from the new owner upon completion? How does this process go about?

1) Do i have to do up the tenancy agreement together with the OTP?

2) Is this considered selling with tenancy or does this work separately?

i don't want to risk the chance to sell it and i have no place to stay after this.

Please reply with constructive answers. I would like tp pick a good agent from here if i receive a satisfactory answer.

thank you gurus. :)
0
630 views
Want this question answered?
Get faster responses from our experts by upvoting.
Be the first to upvote this question.

1 Answer

Hi Dzota,

In your case when you sell your place you, you will have to make known of your intention to be able to rent the place from the buyer. Therefore it would be wise to state that you are selling with tenancy, so that potential buyer will be prepared not be able to stay in the unit after completion and draw buyer with vested interest on investment only.

This rental price and the lease period will be a discuss before signing the OTP. It can be include in the OTP of the terms/requirements.

You also need to signed the Tenancy Agreemnet with the buyer upon completion.

Call me to further discuss on the selling and rental. Thank you. Have a great day today!!

Julie Kay
 90463886  Read More
0

Still looking for answers?

Get answers from PropertyGuru experts in 24 hours

Previously Asked Questions