What to look at first
Review the source of projected rent and compare it with the condition, lease terms and expenses of the actual property. Include vacancy, turnover, professional management, repairs, taxes, insurance and association charges. Create a reserve for major equipment. A favorable gross rent figure can obscure a weak result after realistic expenses.
Verify rental restrictions with the municipality, association, lender and insurer. If a tenant is already in place, obtain the lease and relevant records through a lawful process and have appropriate professionals review the transfer obligations. Confirm that the financing matches the intended occupancy. Treat revenue estimates as assumptions to investigate rather than guaranteed returns.
Bring these questions to the conversation
- Document rent assumptions and all operating expenses.
- Check the proposed rental use at the address.
- Review leases and the deposit-transfer plan.
Connect the details
The Broker’s Field Angle
Selling a tenant-occupied property requires lease review, access planning and clear handling of deposits and records. Tax consequences and any exchange strategy require early advice from a qualified tax professional and, when relevant, an exchange intermediary. Jessica coordinates the transaction, while those professionals determine the treatment of the owner’s particular situation.
Read the investment and second homes overview for the full transaction framework.
Continue your research
Resources to verify the details
Use the current information from the responsible agency and ask the relevant professional how it applies to your property. Content prepared 2026-10-30.
A practical next step
Evaluate my property strategy
Discuss the real estate questions, the timing you have in mind and which information would help you decide what comes next.
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