Selling a Tenanted Property in Ontario | The Real Estate Podcast EP346

In this episode of The Real Estate Podcast, we dive into the complexities of selling a tenanted property, especially in Ontario, where laws heavily favour tenants. From dealing with below-market rents to strategies for cooperation, we walk through everything sellers need to know. Whether you're a landlord, investor, or realtor, this episode offers practical advice on navigating tenant-occupied sales for a smoother and more profitable experience.

Don’t miss Part 2 next week, where we tackle the buyer’s perspective when purchasing tenanted properties!

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0:12 – Intro

0:49 – AI scams & personal side chat
5:31 – Market talk: Buyers wanting to move
11:38 – Housing affordability vs. practicality
12:53 – Intro to selling tenanted properties
14:27 – Seller challenges: Curb appeal & tenant cooperation
19:28 – Upside of being a tenant in current conditions
20:00 – Legal restrictions on evictions in Ontario
21:25 – How to gain tenant cooperation for better showings
24:17 – How tenant presence affects pricing and perception
27:35 – Easy fixes: baseboards, light switches, and grime
28:23 – Due diligence in tenant screening
29:48 – Outro/recap

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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.

Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT Media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.

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