If you're considering selling your investment property, recent changes to the Residential Tenancies Act may impact how you manage tenancies during the sale process. The Residential Tenancies Amendment Act 2024 introduces important updates to notice periods for terminating tenancies, effective soon. Here’s what you need to know:

Changes to notice periods for periodic tenancies

From 30th January 2025, landlords can terminate a periodic tenancy with 42 days’ notice if there is an unconditional agreement for the sale of the property that requires vacant possession. This provides a clearer pathway for property owners needing to prepare their investment for sale while ensuring compliance with the law.

Updates to fixed-term tenancy notice periods

For fixed-term tenancies ending on or after 1st May 2025, landlords can provide notice to terminate the tenancy between 90 and 21 days before the fixed term ends. Unlike previous rules, landlords are no longer required to provide a specific reason for ending the agreement. 

These changes aim to balance the rights of landlords and tenants while offering greater clarity for property owners navigating the sales process.

For fixed term tenancies ending on or before 30th April, the law before these changes will still apply.

What does this mean for you?

If you're planning to sell a tenanted property, it’s crucial to understand how these changes apply to your situation. Ensuring compliance with the updated notice periods will help avoid disputes and ensure a smoother sales process.

For tailored advice or support in selling your investment property, get in touch with our expert team today. We’re here to help you every step of the way.