Landlords Seeking an Exit
Turn your tenant into a potential buyer.
An Instalment Sale Agreement may allow a landlord to step away from long-term rental management while still receiving regular monthly payments.
The Challenge
What This Scenario Looks Like
Landlords often want to exit a rental property but do not want to lose the monthly income, take a large drop in price, or wait for a bank-qualifying buyer.
How an Instalment Sale Agreement May Help
A RentAssist Instalment Sale Agreement can convert an existing rental relationship, or a fresh sale, into a structured path to ownership for a suitable buyer while the landlord continues to receive monthly payments against an agreed purchase price.
Potential Benefits
- Sell the property while receiving regular monthly payments
- Reduce the ongoing responsibilities of being a landlord
- Work towards a pre-agreed sale price from the outset
- Offer a path to ownership for suitable buyers
- Potentially achieve a higher selling price than in a conventional sale, depending on the transaction
Things to Consider
- Buyer selection and affordability must be robust for the full term
- Landlord responsibilities may continue until transfer, depending on the agreement
- Each transaction is subject to legal, financial and commercial review
A Practical Example
A landlord tired of managing a long-term rental agrees an Instalment Sale with the sitting tenant, locks in the sale price and continues to receive monthly payments until final settlement.
Frequently Asked Questions
Can my current tenant become the buyer?
Where the tenant is suitable and can sustain the agreed instalments, a rental relationship may be restructured into an Instalment Sale Agreement, subject to legal review.
Next Step
Discuss Your Property Situation
Contact RentAssist to explore whether an Instalment Sale Agreement may be suitable for your specific circumstances. Each transaction is subject to legal, financial and commercial review.