Selling Your Rental Property? Key Considerations for Landlords in WA

Thinking about selling your rental property? The process differs from selling an owner-occupied home, requiring careful planning to ensure a smooth transaction. At Rothschild Group, we provide expert guidance to help landlords navigate the complexities of selling investment properties.

Key Considerations When Selling a Rental Property

1. Tenant Rights and Legal Obligations

• Tenants have rights that must be respected during the sale process.
• You must provide proper notice before inspections or open homes.
• Consider whether selling with existing tenants or providing vacant possession is the best strategy.

2. Tax Implications

• Selling a rental property may trigger Capital Gains Tax (CGT) obligations.
• Understanding tax liabilities in advance can help you plan effectively.
• Seek financial advice to explore potential CGT exemptions or deductions.

3. Market Timing and Strategy

• Selling during a high-demand period can maximise your sale price.
• Consider whether selling to investors or owner-occupiers aligns with your goals.
• A strong marketing strategy can help attract the right buyers.

4. Property Condition and Presentation

• A well-maintained property appeals to buyers and boosts value.
• Ensure repairs and renovations are completed before listing.
• Professional staging and photography can enhance marketability.

Need Expert Assistance?

Navigating the sale of a rental property requires careful planning and legal knowledge. At Rothschild Group, we provide professional settlement and legal services to ensure a hassle-free selling process.

Planning to sell your rental property? Contact Rothschild Group today for expert legal and property settlement advice.