For landlords selling a rental in Alberta, and their property managers
Selling a tenanted property: checklist for landlords
Paperwork
The lease, any renewals or addenda, and whether it is fixed-term or periodic.
Security deposit amount, date received and interest records.
Rent ledger and any written notices or correspondence with the tenant.
Condo documents, if applicable.
Decide your buyer
Investor buyer, tenant stays: market the rent and the lease; no vacancy cost.
Owner-occupier, vacant: ask your lawyer about the notice required before serving anything (a monthly tenancy ended for a sale to an occupying buyer generally needs three tenancy months).
Run the numbers both ways — the price difference against the lost rent and carrying costs.
Showings
Talk to the tenant early and agree a showing routine in writing.
Give at least 24 hours’ written notice for each entry, with the reason and a time between 8 a.m. and 8 p.m., unless the tenant agrees otherwise in writing.
Batch showings into set windows; consider a rent credit for the disruption.
Book a cleaner before photos.
Closing
The deposit and tenancy records transfer with the property if the tenant stays.
Possession date: make sure it fits any notice given.
